On January 1, 2021. Pharoah Ltd, issued $450,000 of 5%, 5-year bonds. The bonds were issued to yield a market interest rate of 6% Pharoah's year end is December 31. On January 1, 2023 immediately after making and recording the semi-annual interest payment, Pharoah redeemed the bonds. A partial bond amortization schedule is presented below. Interest Payment Interest Expense Amortization Semi-Annual Interest Period Jan. 1. 2021 July 1.2021 Jan. 1.2022 July 1.2022 Jan 1, 2023 11.250 11,250 11.250 11,250 $12.924 12,974 13.026 13.079 $1,674 1.724 1.776 1.829 Band Amortized Cost $430,807 432,481 434,205 435,981 437,810 Prepare the journal entry to record the payment of interest on July 1, 2021 (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry for the account tities and enter for the amounts) Date Account Titles and Explanation Debit Credit July 1 (To record interest payment Prepare the journal entry to accrue the interest expense on December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 (To accrue interest expense Prepare the journal entry to record the payment of interest on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation Jan. 1 To record interest payment.) Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 100 on January 1, 2023. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Jan. 1 To record redemption of bonds.) Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 96. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Debit Credit Date Account Titles and Explanation Jan. 1 (To record redemption of bonds