Question 2 of 2 - / 10 View Policies Current Attempt in Progress The following section is taken from Swifty Corporation's balance sheet at December 31, 2021 Current liabilities Interest payable $ 136,400 Long-term liabilities Bonds payable, 8%, due January 1, 2024 1.705.000 Bond interest is payable annually on January 1. The bonds are callable on any interest date. (a) Journalize the payment of the bond interest on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan 1 Debit Credit (hi (b) Assume that on January 1 2022, after paying interest, Swifty calls bonds having a face value of $549.500. The call price is 104 Record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and explanation Debit Credit Jan 1 (c) Prepare the entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit Dec. 31 Textbook and Media List of Accounts Save for Attempts:0 of 3 used Submit AVT