The following section is taken from Ohlman Corp.s balance sheet at December 31, 2014.

Current liabilities
Interest payable	$53,830
Long-term liabilities
Bonds payable,7%, due January 1, 2019	1,538,000

Bond interest is payable semiannually on January 1 and July 1. The bonds are callable on any interest date.

Journalize the payment of the bond interest on January 1, 2015.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1

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Assume that on January 1, 2015, after paying interest, Ohlman calls bonds having a face value of $593,000. The call price is103. Record the redemption of the bonds.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1

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Prepare the entry to record the payment of interest on July 1, 2015, assuming no previous accrual of interest on the remaining bonds.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
July 1