Show me your journal entries by using the List of Accounts below and the calculation as well.

List of Accounts are following:

Cash

Bonds Payable

Interest Payable

Interest Expense

Gain on Redemption of Bonds

Thanks in advance.

Selected transactions on the books of Blue Spruce Corporation follow: May 1, 2020 Dec. 31 Jan. 1, 2021 April 1 Dec. 31 Bonds payable with a par value of $700,000, which are dated January 1, 2020, are sold at 107 plus accrued interest. They are coupon bonds, bear interest at 11% ( payable annually at January 1), and mature on January 1, 2030. (Use an interest expense account for accrued interest.) Adjusting entries are made to record the accrued interest on the bonds and the amortization of the proper amount of premium. (Use straight-line amortization.) Interest on the bonds is paid. Par value bonds of $420,000 are repurchased at 103 plus accrued interest and are retired. (Bond premium is to be amortized only at the end of each year.) Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized. (a) Assume that Blue Spruce follows ASPE. Prepare the journal entries for the transactions above. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)