P14.9 (LO 1, 3) Groupwork (Issuance of Bonds Between Interest Dates, Retirement) Presented below are selected transactions on the books of Simonson Foundry. July Bonds payable with a par value of 900,000, which are dated January 1, 2022, are sold at 112.290 plus accrued interest to yield 10%. They are coupon bonds, bear interest at 12% 2022 (payable annually at January 1), and mature January 1, 2032. (Use interest expense account for accrued interest.) Dec. Adjusting entries are made to record the accrued interest on the bonds, and the amortization of 31 the proper amount of premium. Jan. Interest on the bonds is paid. 2023 Jan. Bonds of par value of 360,000 are called at 102 and extinguished. Dec. Adjusting entries are made to record the accrued interest on the bonds, and the proper amount 31 of premium amortized. Instructions Prepare journal entries for the transactions above.

P14.9 L101,3) Groupwork (Issunce of Bonds Between Interest Dates, Retirement) Presented below are selected transactions on the books of Simonson Foundry. July Bonds payable with a par value of 6900,000 , which are dated January 1, 2022, are sold at 1, 112.290 plus acerued interest to yield 10%. They are coupon bonds, bear interest at 12% 2022 (payable annually at January 1), and mature Jamuary 1, 2032. aceraud interest) Dee, Adjusting entries are made to record the aecrued interest on the bonds, and the amortization of 31 the proper amount of premium. Jan. Interest on the bonds is paid. 1, 2023 Jan. Bonds of par value of C360,000 are called at 102 and extimguished. 2 Dec. Adjusting entries are made to reeord the aecrued interest on the bonds, and the proper amount 31 of premium amortized. Instructions Prepare journal entries for the transactions above