Question 21 The following section is taken from Marigold Ltd.'s. statement of financial position at December 31, 2016. HK$16,190,000 Non-current liabilities Bonds payable, 6%, due January 1, 2021 Current liabilities Interest payable 971,400 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, 2017. (b) Assume that on January 1, 2017, after paying interest, Marigold calls bonds having a face value of HK$5,070,000. The call price is 101. Record the redemption of the bonds. (c) Prepare the entry to record the accrual of interest on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (a) (b) Jan. 1 (c)