The December 31, 2021 balance sheet of the World Wide Distribution Company included the following liability: 5% bonds payable due December 31, 2028 $2,000,000 Unamortized discount on bonds payable 42,000

The bonds were originally issued on December 31, 2018 at 97, with interest payable on June 30 and December 31. Amortization of bond discount is also recorded at the time interest is paid.

On May 1, 2022, World Wide Distribution Company redeemed $800,000 of these bonds at 102. The accrued interest on the bonds being redeemed was also paid.

Instructions: a. Prepare the May 1, 2022 journal entries. b. Prepare the June 30, 2022 journal entries. c. Prepare the December 31, 2022