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automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan 1, 2022 Bonds Payable 1144000 Premium on Bonds Payable 58680 Gain on Bond Redemption 1155440 cash 47240 SHOW LIST OF ACCOUNTS LINK TO TEXT your answer is partially correct. Try again Prepare the adjusting entry at December 31, 2022, to amortize bond premium and to accrue interest on the remaining not indent manually) Date Account Titles and planation Debit Credit Dec 31, 2022 interest Expense Themum on Bonds Payable Interest Parte S Click it you would like to Show Work for this question Open Show Work Problem 15-07A a-d The following is taken from the Sheridan Company balance sheet. Sheridan Company Balance Sheet (partial) December 31, 2020 Current Lsabilities Interest payable (for 12 months from January 1 to December 31) Long-term Liabilities Bonds payable, 5% due January 1, 2028 Add: Premium on boods payable $143,000 52,860,000 163,000 $3,023,000 Interest is payable annually on January 1. The bonds are callable on any annual interest date. Sheridan use be outstanding for an additional 10 years (120 months). Your answer is correct. Date Journalize the payment of bond interest on January 1, 2021. (Credit account titles are automatically inde Account Tities and Explanation Debit Credit Jan 1, 2021 Interest Payable 143000 ch 143000 HOW TO ACCOUNTS LOTU

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