On May 1, 2020, Sheridan Corp. issued CHF550,000,6%, 5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 31. (a) (b) (d) le) (f) Your answer is partially correct. Assume that on January 1, 2022, Sheridan pays the accrual bond interest and calls the bonds. The call price is 105. Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to decimal places, eg. 5,675.) Debit Credit 57750 Date Account Titles and Explanation Jan. 1, Interest Payable 2022 Cash (To record payment of interest) 57750