Mo's Motor Corp. issued $370,000 of 4.5%, 5-year bonds on April 1, 2021. Interest is payable semi-annually on April 1 and October 1. On April 1, 2023, immediately after making and recording the semi-annual interest payment, Mo's redeemed the bonds. Below is a partial amortization schedule for the first few years of the bond issue.

Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 100 (Credit indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the an Date Account Titles and Explanation Debit Credit Apr. 1, 2023 X .X Interest Payable X Bonds Payable X X Interest ExpenseMo's Motor Corp. issued $370,000 of 4.5%, 5-year bonds on April 1, 2021. Interest is payable semi-annually on April 1 and October 1. On April 1, 2023, immediately after making and recording the semi-annual interest payment, Mo's redeemed the bonds. Below is a partial amortization schedule for the first few years of the bond issue. Mo's Motor Corp. Bond Discount Amortization Schedule Bond Interest Interest Amortized Interest Period Payment Expense Amortization Cost 01-Apt. 2021 $354,015.86 01-Oct. 2021 $8,325.00 $9,735.44 $1,410.44 355,426.30 01-Apr. 2022 8,325.00 9,774.22 1,449.22 356,875.52 01-Oct. 2022 8,325.00 9,814.08 1,489.08 358,364.60 01-Apr. 2023 8,325.00 9,855.03 1,530.03 359,894.63 (a)