The following section is taken from Oriole's balance sheet at December 31, 2021.

Current liabilities
Interest payable		$ 53,550
Long-term liabilities
Bonds payable ( 9%, due January 1, 2025)		595,000

Interest is payable annually on January 1. The bonds are callable on any annual interest date.

(a)		Journalize the payment of the bond interest on January 1, 2022.
(b)		Assume that on January 1, 2022, after paying interest, Oriole calls bonds having a face value of $ 190,000. The call price is 104. Record the redemption of the bonds.
(c)		Prepare the adjusting entry on December 31, 2022, to accrue the interest on the remaining bonds.

(Credit account titles are automatically indented when 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.)

No.	Date	Account Titles and Explanation	Debit	Credit
(a)	Jan. 1	enter an account title for the journal entry on January 1	enter a debit amount	enter a credit amount
		enter an account title for the journal entry on January 1	enter a debit amount	enter a credit amount
(b)	Jan. 1	enter an account title for the journal entry on January 1	enter a debit amount	enter a credit amount
		enter an account title for the journal entry on January 1	enter a debit amount	enter a credit amount
		enter an account title for the journal entry on January 1	enter a debit amount	enter a credit amount
(c)	Dec. 31	enter an account title for the journal entry on December 31	enter a debit amount	enter a credit amount
		enter an account title for the journal entry on December 31	enter a debit amount	enter a credit amount