the following section is taken from mareskas balance sheet at december 31 2017 current liabilities/

/in /by

Instructions
(a) Journalize the payment of the bond interest on January 1, 2018.
(b) Assume that on January 1, 2018, after paying interest, Mareska calls bonds having a face value of $200,000. The call price is 103. Record the redemption of the bonds.
(c) Prepare the adjusting entry on December 31, 2018, to accrue the interest on the remaining bonds.