Practice Problem 01 a-f (Part Level Submission)

On May 1, 2020, Tamarisk, Inc. issued $645,000, 12%, 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.

f)Assume that on January 1, 2022, Tamarisk pays the accrued bond interest and calls the bonds at 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.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1, 2022
	(To record payment of interest)
Jan. 1, 2022
	(To record redemption of bonds)

Thanks you,