llning the bonds were bwuod at 105 n is taken from Ohlman Corp's balance shest an Decenmber 3.mptiom 1s The following section from 2016. Current liabilities 1, Prpae espries for bond Interest payable Long-term liabilities 112.000 Bonds payable, 7%, due January 1, 2021 1,600,000 ble annually on January 1 . The bonds are callable on any interest . date. Instructions a) Journalize the payment of the bond interest on January 1. 2017 e that on January 1, 2017, after paying interest, Ohlman calls bonds having a face value of $600,000. The call price is 103. Record the redemption of the bonds. ) Prepare the entry to record the accrual of interest on December 31,2017