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The following section is taken from Gordon Corp. 's balance sheet at December 31, 2020. Interest is payable annually on January 1 . The bonds

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The following section is taken from Gordon Corp. 's balance sheet at December 31, 2020. Interest is payable annually on January 1 . The bonds are callable on any interest date. Journalize the payment of the bond interest on January 1. 2021. (Credit occount titles are outamotically indented when the amount is entered, Do not indent manually, If no entry is required, select "No Entry" for the occount titles and enter O for the amourits) Assume that on January 1. 2021, after paying interest, Gordon calls bonds having a face value of $1,600.000. The call price is 98 . Record the redemption of the bonds. (Credit occount titles ore outomatically indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Prepare the entry to record the accrual of interest on December 31, 2021, assuming no previous accrual of interest on the remaining bonds. (Credit occount tites are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Prepare the entry to record the retirement of half the bonds still outstariding on January. 1,2022 for a cash payment of \$1.220,000. Assume the accrued interest was paid. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) The following section is taken from Gordon Corp. 's balance sheet at December 31, 2020. Interest is payable annually on January 1 . The bonds are callable on any interest date. Journalize the payment of the bond interest on January 1. 2021. (Credit occount titles are outamotically indented when the amount is entered, Do not indent manually, If no entry is required, select "No Entry" for the occount titles and enter O for the amourits) Assume that on January 1. 2021, after paying interest, Gordon calls bonds having a face value of $1,600.000. The call price is 98 . Record the redemption of the bonds. (Credit occount titles ore outomatically indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Prepare the entry to record the accrual of interest on December 31, 2021, assuming no previous accrual of interest on the remaining bonds. (Credit occount tites are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Prepare the entry to record the retirement of half the bonds still outstariding on January. 1,2022 for a cash payment of \$1.220,000. Assume the accrued interest was paid. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts)

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