Current Attempt in Progress The following section is taken from Ivanhoe's balance sheet at December 31, 2024. Current liabilities Interest payable $ 42,000 Long-term liabilities Bonds payable (10%, due January 1, 2028) 520,000 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, 2025. (b) Assume that on January 1, 2025, after paying interest, Ivanhoe calls bonds having a face value of $115,000. The call price is 107. Record the redemption of the bonds. (c) Prepare the adjusting entry on December 31, 2025, to accrue the interest on the remaining bonds. (List all debit entries before credit entries. 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 O for the amounts.) (List all debit entries before credit entries. 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 O for the amounts.) No. Date (a) (b) (c) Account Titles and Explanation > > Debit Credit