May 1, 2020 Dec. 31 Bonds payable with a par value of $853,200, which are dated January 1, 2020, are sold at 106 plus accrued interest. They are coupon bonds, bear interest at 139 (payable annually at January 1). and mature January 1. 2030. (Use interest expense account for accrued interest.) Adjusting entries are made to record the accrued interest on the bonds, and the amortization of the proper amount of premium. (Use straight-line amortization) Interest on the bonds is paid. Bonds with par value of 5341,280 are called at 102 plus accrued interest, and redeemed. (Bond premium is to be amortized only at the end of each year.) Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized. Jan. 1.2021 April 1 Dec. 31 Prepare journal entries for the transactions above. Date Account Titles and Explanation Debit Credit (To record the interest) (To amortize the premium)