resented below are selected transactions on the books of Simonson Corporation ay 1, 2017 Bonds payable with a par value of $900,000, which are dated January 1, 2017, are sold at 106 plus accrued intere (payable annually at January 1), and mature January 1, 2027. (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 amoun ec. 31 an. 1, 2018 Interest on the bonds is paid pril 1 ec. 31 Bonds with par value of $360,000 are called at 102 plus accrued interest, and redeemed. (Bond premium is to be Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amort repare journal entries for the transactions above. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 a 8,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account t entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 1, 2017Cash 990,000 Bonds Payable 900,000 Premium on Bonds Payable 54000 Interest Expense 36000 Dec. 31, 2017Interest Expense 108,000 Interest Payable 108,000