On January 1, 2021, Wildhorse Ltd. issued $ 620,000 of 5%, 5-year bonds. The bonds were issued to yield a market interest rate of 6%. Wildhorse's year end is December 31. On January 1, 2023 immediately after making and recording the semi-annual interest payment, Wildhorse redeemed the bonds. A partial bond amortization schedule is presented below. Semi-Annual Interest Period Interest Payment Interest Expense Bond Amortized Cost Amortization Jan. 1, 2021 $ 593,556 July 1, 2021 15,500 $ 17,807 $ 2,307 595,863 Jan. 1, 2022 15,500 17,876 2,376 598,239 July 1, 2022 15,500 17,947 2,447 600,686 Jan. 1, 2023 15,500 18,021 2,521 603,207 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 titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit July 1 (To record interest payment.) e Textbook and Media List of Accounts 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To accrue interest expense.) e Textbook and Media List of Accounts 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record interest payment.) e Textbook and Media List of Accounts 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record redemption of bonds.) e Textbook and Media List of Accounts 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record redemption of bonds.) e Textbook and Media List of Accounts