Presented below are selected transactions on the books of Simonson Corporation.

May 1, 2014		Bonds payable with a par value of $964,800, which are dated January 1, 2014, are sold at 107 plus accrued interest. They are coupon bonds, bear interest at 12% (payable annually at January 1), and mature January 1, 2024. (Use interest expense account for accrued interest.)
Dec. 31		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.)
Jan. 1, 2015		Interest on the bonds is paid.
April 1		Bonds with par value of $361,500 are called at 102 plus accrued interest, and redeemed. (Bond premium is to be amortized only at the end of each year.)
Dec. 31		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.

Apr. 1, 2015 Bonds Payable Premium on Bonds Payable t Interest Expense Cash Gain on Redemption of T Dec. 31, 2015 Interest Expense Interest Payable Premium on Bonds Payable Interest Expense (To amortize the premium) 361500 22905 10845 379575 15675 72396 T 72396 5413 5023