P14.9 (L01,3) Groupwo Test dollar.) Groupwork (Issuance of Bonds Between Interest Dates, Retirement per e selected transactions on the books of Simonson Foundry 2019 Bonds payable with a par value of 900,000, which are dated January 1, 2019. are sold at 112.290 plus accrued interest to yield 10%. They are coupon bonds, bear interest at 12% (payable annually at January 1), and mature January 1, 2029. (Use interes expense account for accrued interest.) Adjusting entries are made to record the accrued interest on the bonds, and the amor tization of the proper amount of premium. Interest on the bonds is paid. Bonds of par value of 360,000 are called at 102 and extinguished. Jan. 2 Dec. 31 Adjusting entries are made to record the accrued interest on the bonds, and the propy Dec. 31 Jan. 1, 2020 amount of premium amortized. Instructions Prepare journal entries for the transactions above