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The following section is taken from Oriole Company's balance sheet at december 31, 2021. Current...

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Accounting

The following section is taken from Oriole Company's balance sheet at december 31, 2021. Current liabilities, Interest payable $87,750 Long liabilities, Bonds payable, 5% due january 1, 2024 1,755,000. Bond interest ispayable annually on January 1. The bonds are callable on any interest date. Assume that on january 1, 2022, after paying interest, Oriole calls bonds having a face value of $634,000. The call price is 103. Record the redemtion on bonds..

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