P$14\mathrm{.}9($LO $1,3)$ Groupwork $($Issuance of Bonds Between Interest Dates, Retirement$)$ Presented below are selected transactions on the books of Simonson Foundry.

$\backslash$table$[[,\backslash$table$[[$Bonds payable with a par value of $900,000,$ which are dated January $1,2022,$ are sold at $112\mathrm{.}290$ plus accrued interest to yield$],[10\%.$ They are coupon bonds, bear interest at $12\%($payable annually at January $1),$ and mature January $1,2032.($Use interest$],[$expense account for accrued interest.$)]]],[\backslash$table$[[$Dec$.],[31]],$Adjusting entries are made to record the accrued interest on the bonds, and the amortization of the proper amount of premium.$],[\backslash$table$[[$Jan$.],[1,],[2023]],$Interest on the bonds is paid.$],[\backslash$table$[[$Jan$.],[2]],$Bonds of par value of $360,000$ are called at $102$ and extinguished.$],[\backslash$table$[[$Dec$.],[31]],$Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized.$]]$

Instructions

Prepare journal entries for the transactions above.