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Prepare entries for bond interest and redemption 12. (LO 3) The following section is taken from Ohlman Corp.'s balance sheet at December 31. 2019. Current

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Prepare entries for bond interest and redemption 12. (LO 3) The following section is taken from Ohlman Corp.'s balance sheet at December 31. 2019. Current liabilities Interest payable $112.000 Long-term liabilities Bonds payable, 75, due January 1, 2022 1,600,000 es is payable annually on January 1. The bonds are callable on any interest date Instructions a. Journalize the payment of the bond interest on Jawwary 1, 2020 b. Assume that on January 1, 2020. after paying interest. O n calls bonds $600,000. The call price is 103. Record the redemption of the boods c. Prepare the entry to record the accrual of merest on December 31, 2020 E10.13 (LO 3) The following are independent Prepare entries for reviewin of bonds Is having a face value of 1. Longbine C

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