The following section is taken from Sheridan's balance sheet at December 31,2021 . Interest is payable annually on January 1. The bonds are callable on any annual interest date. Journalize the payment of the bond interest on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1, 2022 Bonds Poyable 276000 Premium on Bonds Payable 24000 Interest Payable eTextbook and Media: Prepare the adjusting entry on December 31, 2022, to accrue the interest on the remaining bonds. (Credit account titles are outomatically indented when amount is entered. Do not indent manualiys Assume that on January 1, 2022, after paying interest, Sheridan calls bonds having a face value of $120,000. The call price is 102 . Record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)