iPad 8:00 PM Question On May 1,2019, Concord Corporation issued S660,000. 7%, 5-year bonds at face value. The bonds were dated May 1, 2019, and pay interest annuaily on May 1. Financial statements are prepared annually on December 31. Chp 10 Assign Question 2 Revlew Score Revilew Resuilts by Study Prepare the journal entry to record the issuance of the bonds. (Credit account tities are automatically indented when amount is entered. Do not indent manually.) Dafe Accoant Tiles and Explanatien May 1, 2019 Prepare the adjusting entry to record the accrual of interest on December 31, 2019.(Credit account tities are automatically indented when amount is entered. Do not indent manualMy.) Date Accoust Titles and Esplanation Dec. 31, 2019 LIST OF ACCOUNTS Show the balance sheet presentation on December 31, 2019. (Enter account name only and do not provide Concord Corporation Prepare the journal etry to record payment of interest on May 1, 2020. (Credit account titles are automaticaly indented when amount is entered. Do not indent manually) Date Aoant Tales aad Esplanatien Debiat May 1, 2020 41%. iPad 8:01 PM > Prepare the journal entry to record payment of interest on May 1, 2020. (Credit account titles are automaticaly indented when amount is entered. Do not indent manually-) Dafe Accoant Ties and Explanatien May 1, 2020 SIMILAR PROBLEM Prepare the adjusting entry to record the accrual of interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Accoust Titles and Esplanation Dec. 31, 2020 Assume that on January 1, 2021, Concord pays the accrued bond interest and calls the bonds at 101. Record the payment of interest and redemption of the bonds, (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Dafe Accoent Tiiles and Esplesatio an. 1, 2021 To eoed paymest of interest) Jan. 1, 2021 Click if you would like to Show Work for this question: Open Show Work LIST OF ACCOUNTS Question Attemptst 0 of 3 used SAVE FOR LATER