Early in 2020, Grouper Equipment Company sold 500 Rollomatics at $6,100 each. During 2020, Grouper spent $22,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All sales transactions are on a cash basis. (a) Prepare 2020 entries for Grouper. Assume that Grouper estimates the total cost of servicing the warranties in the second year will be $38,000. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Presented below are two independent situations. 1. 2. On January 1, 2020, Ivanhoe Company issued $252.000 of 8%, 10-year bonds at par. Interest is payable quarterly on April 1. July 1, October 1, and January 1. On June 1, 2020, Shamrock Company issued $204,000 of 12 % 10-year bonds dated January 1 at par plus accrued interest. Interest is payable semianhually on July 1 and January 1. For each of these two independent situations, prepare journal entries to record the following (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The issuance of the bonds. (b) The payment of interest on July 1. (c) The accrual of interest on December 31. Date Account Titles and Explanation Debit Credit 1. Ivanhoe Company. Date Account Titles and Explanation Debit Credit 1. Ivanhoe Company 2 Shamrock Company: