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The following section is taken from Blue Corp's balance sheet at December 31, 2019. Current...

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Accounting

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The following section is taken from Blue Corp's balance sheet at December 31, 2019. Current liabilities Interest Payable............ $ 90,000 Long-term liabilities Bonds Payable, 9%, due January 1, 2025 2,000,000 Interest is payable semiannually on January 1 and July 1. The bonds are callable on any interest date. Instructions (a) Journalize the payment of the bond interest on January 1, 2020. (b)Assume that on January 1, 2025, at maturity, after paying interest, Blue redeems the bonds. Record the redemption of the bonds at maturity. *Presume the interest has already been paid and recorded HTML Editor IgA A IEI IX X, SE V + DT 112pt v Paragraph A)

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