Your answer is partially correct. The following section is taken from Kingbird, Inc.'s balance sheet at December 31, 2019. $ 128,700 Current liabilities Interest payable Long-term liabilities Bonds payable, 9%, due January 1, 2022 1,430,000 Bond interest is payable annually on January 1. The bonds are callable on any interest date. (a) Journalize the payment of the bond interest on January 1, 2020. (Credit account titles are automatically entered. Do not indent manually.) Debit Date Account Titles and Explanation Question 4 OT 6 0.86/1 Assume that on January 1, 2020, after paying interest, Kingbird calls bonds having a face value of $512,500. 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) Debit Credit Date Account Titles and Explanation Jan. 1 Bonds Payable 512500 Loss on Bond Redemption Cash (c) Prepare the entry to record the accrual of Interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Credit Debit 825750 Date Account Titles and Explanation Interest Expense Dec. 31 Interest Payable D