Presented below are selected transactions on the books of Teal Corporation. May 1, 2020 Dec. 31 Jan. 1.2021 April 1 Dec. 31 Bonds payable with a par value of $864,000, which are dated January 1, 2020, are sold at 106 plus accrued interest. They are coupon bonds, bear interest at 12% (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 $345,600 are called at 103 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 int mediate calculations to 6 decimal places, eg. 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 May 1, 2020 Account Titles and Explanation cash Debit 915840 Credit Bonds Payable Premium on Bonds Payable Interest Expense Dec 31, 2020 V Interest Expense Jan. 1.2021 Interest Payable (To record the interest) Premium on Bonds Payable Interest Expense (To amortize the premium) Interest Payable pr. 1, 2021 Cash Bonds Payable 5184 864000 51840 5184 Dec. 31, 2020 Premium on Bonds Payable Interest Expense Interest Expense Interest Payable (To record the interest) Premium on Bonds Payable Interest Expense (To amortize the premium) Jan 1.2021 Interest Payable Cash pr. 1.2021 Bonds Payable Premium on Bonds Payable beterest Expense Cash Gain on Redemption of Bonds Dec. 31, 2021 V Interest Expense Cash 5184 1036 Interest Payable (To record the interest) Premium on Bands Payable 6912 Interest Expense (To amortize the premium) 51840 5184 10368 6912