Crop Corporation with a December 1 year and issued $4320K, 10% bonds due in 9 years on May 1, 2000. Interest is paid som annually on Ortober 31 and April 20 ot cach year. On the issue date, the market rate at interest was 9%, resulting in a pnce et $4:8,2010 for these bands. The premium discount is amortized using the straight line amortization method Do not enter alle Sons or comes in the route Round wurmsaers to the neares whole curber For transactions with more than one debitor credit, enter the accounts in alphabetical order a) Is this bond issued at a discount or at a premium? Prepare the journal entry on May 1, 2020, to sue the bonds. Date Account Title and Explanation Debit Credit May + Issued bands b) Prepare the journal entry on October 31, 2020, lo record the first interest payment and the curlication of Lire pretium/discount. Date Account Title and Explanation Debit Credit Oct 31 + Paid interest on bonds c) Prepere the adjusting entry on December 31, 2020. Debit Credit Date Account Title and Explanation Dec 31 Accrued interest on band's c) Show the balance sheet presentation of Bonds Payable and related accounts as at December 31, 2020 Bonds Royable Unamarized immuns Boak Value