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The following section is taken from Sheridan Ltd.s balance sheet at December 31.2019. Bond interest is payable annually on January 1 . The bonds are

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The following section is taken from Sheridan Ltd.s balance sheet at December 31.2019. Bond interest is payable annually on January 1 . The bonds are callable on any interest date. Joumalize the payment of the bond interest on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Bond 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. 2020. (Credit account titles are outomaticallyindented when amount is. entered, Do not indent manually.) Assume that on January 1, 2020, after paying interest, Sheridan calls bonds having a face value of $554,000. The call price is 102. Record the redemption of the bonds. (Credit account titles are outomatically indented when amount is entered. Do not indent manually) Prepare the entry to record the accrual of interest on December 31, 2020. (Credit account tites are outomaticolly indented when amount is entered. Do not indent manually)

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