Presented below are selected transactions on the books of Simonson Foundry. 

July 1, 2022	Bonds payable with a par value of €900,000, which are dated January 1, 2022, are sold at 112.290 plus accrued interest to yield 10%. They are coupon bonds, bear interest at 12% (payable annually at January 1), and mature January 1, 2032. (Use interest expense account for accrued interest.)
Dec. 31	Adjusting entries are made to record the accrued interest on the bonds, and the amortization of the proper amount of premium.
Jan. 1, 2023	Interest on the bonds is paid.
Jan. 2	Bonds of par value of €360,000 are called at 102 and extinguished.
Dec. 31	Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized.

Instructions

Prepare journal entries for the transactions above.