Presented here are liability items for Windsor Inc. at December 31, 2022. Accounts payable $298,300 FICA taxes payable $14,820 Notes payable (due May 1, 2023) 38,000 Interest payable 76,000 Bonds payable (due 2026) 1,710,000 Notes payable (due 2024) 152,000 Unearned rent revenue 456,000 Income taxes payable 6,650 Discount on bonds payable 77,900 Sales taxes payable 3,230 Prepare the liabilities section of Windsor's balance sheet. WINDSOR INC. Balance sheet (Partial) 69 $ Presented here are liability items for Windsor Inc. at December 31, 2022. Accounts payable $298,300 FICA taxes payable $14,820 Notes payable (due May 1, 2023) 38,000 Interest payable 76,000 Bonds payable (due 2026) 1,710,000 Notes payable (due 2024) 152,000 Unearned rent revenue 456,000 Income taxes payable 6,650 Discount on bonds payable 77,900 Sales taxes payable 3,230 Prepare the liabilities section of Windsor's balance sheet. WINDSOR INC. Balance sheet (Partial) 69 $ 10 $ Current liabilities Interest payable Long-term liabilities Bonds payable (4%, due January 1, 2032) $2,430,000 Less: Discount on bonds payable $97,200 24,300 2,405,700 Interest is payable annually on January 1. The bonds are callable on any annual interest date. Pharoah uses straight-line amortization for any bond premium or discount. From December 31, 2021, the bonds will be outstanding for an additional 10 years (120 months). (a) Journalize the payment of bond interest on January 1, 2022. (b) Prepare the entry to amortize bond discount and to accrue the interest on December 31, 2022. (c) Assume on January 1, 2023, after paying interest, that Pharoah Corp. calls bonds having a face value of $486,000. The call price is 102. Record the redemption of the bonds. (d) Prepare the adjusting entry at December 31, 2023, to amortize bond discount and to accrue interest on the remaining bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Jan. (a) 1 Interest Payable 2022 Cash Dec. (b) 31 Interest Expense 2022 Discount on Bonds Payable Interest Payable (c) 1 Jan. Bonds Payable 2023 Loss on Bond Redemption Discount on Bonds Payable Cash Dec. (d) 31 Interest Expense 2023 Discount on Bonds Payable Interest Payable Debit 97200 99630 486000 Credit 97200 2430 97200 495720