question 6all parts of journal entry

!!! > * Question 6 of 6 The following information is taken from Sarasota Corp's balance sheet at December 31, 2016 Current liabilities Interest payable $ 92.000 Long-term liabilities Bonds payable 15% due January 1, 2027) Less Discount on bonds payable $4320.000 43.200 1.275.000 Interest is payable annually on January 1. The bonds are callable on an annual interest date. Sarasota uses straight line amortization for any bond premium or discount. From December 31, 2016, the bonds will be outstanding for an additional 10 years (120 months) a) Journalise the payment of bond Interest on January 1, 2017 Prepare the entry to amortize bond discount and to accrue the interest on December 31, 2017 id Assume on January 1, 2018, after paying interest, that Sarasota Corp. calls bonds having a face value of 5720.000 The call price is 102. Record the redemption of the bonds Prepare the adjusting entry at December 31.2018, to amortive bond discount and to the interest on the remaining bonds (b) Id (Credit account titles are automatically indiented when amount is entered Do not indent manual) Debit Credit No. Date Account Titles and Explanation Cal Jan. 1 2017 bi Dec. 31 2017 c) Jan 1 2018 Id Dec 31 2018