Island Cove Corporation had the following bond issue: Date of issue/sale: May 1, 20-A Principal: $500,000 Sale price of bonds: 104 Life of bonds: Stated rate: 6% a year payable semiannually on October 31 and April 30 Required: 10 years Prepare the following general journal entries. a. The issuance of the bonds on May 1, 20-A. b. The first interest payment for 20-A. c. The adjusting entry for December 31, 20-A. d. The reversing entry for January 1, 20-B. If an amount box does not require an entry, leave it blank. Page: 1 DATE DESCRIPTION POST REF. DEBIT CREDIT 1 a. May 1 1 2 8E 3 3 4 5 b. Oct. 31 6 6 7 8 9 c. Dec. 31 10 10