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On August 1, 2022, Sunland Company issued $555,000,6%,10-year bonds at face value. Interest is payable annually on August 1. Sunland's year-end is December 31. (a)

image text in transcribed On August 1, 2022, Sunland Company issued $555,000,6%,10-year bonds at face value. Interest is payable annually on August 1. Sunland's year-end is December 31. (a) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. D not indent manually.) (b) Prepare the journal entry to record the accrual of interest on December 31,2022. (Credit account titles are automatically indented wher amount is entered. Do not indent manually.) (c) Prepare the journal entry to record the payment of interest on August 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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