Presented below are selected transactions on the books of Flounder Corporation. May 1, 2020 Dec. 31 Jan. 1, 2021 April 1 Dec. 31 Bonds payable with a par value of $853,200, which are dated January 1, 2020, are sold at 106 plus accrued interest. They are coupon bonds, bear interest at 13% (payable annually at January 1), and mature January 1, 2030. (Use interest expense account for accrued interest.) Adjusting entries are made to record the accrued interest on the bonds, and the amortization of the proper amount of premium. (Use straight-line amortization.) Interest on the bonds is paid. Bonds with par value of $341,280 are called at 102 plus accrued interest, and redeemed. (Bond premium is to be amortized only at the end of each year.) Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized. Prepare journal entries for the transactions above. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answers to O decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date 1,2020 Account Titles and Explanation Cash Bonds Payable Premium on Bonds Payable Interest Expense 31, 2020 Interest Expense Interest Payable (To record the interest) Premium on Bonds Payable Debit Credit 941364 110916 853200 51192 36972 110916 3530 3530 Interest Expense (To amortize the premium) 1,2021 Interest Payable 110916 Cash 110916 2021 Bonds Payable 341280 Interest Expense 11092 Premium on Bonds Payable 19065 Cash 348106 Gain on Redemption of Bonds 23871 31, 2021 Interest Expense 66550 Interest Payable 66550 (To record the interest) Premium on Bonds Payable Interest Expense (To amortize the premium) 3177 3177