$$ On May $1,2017,$ Herron Corp. issued $-$year bonds at face value. The bonds were dated May $1,2017$ and pay interest annually on May $1.$ Financial statements are prepared annually on December $31.$ Instructions $($a$)$ Prepare the journal entry to record the issuance of the bonds. $($b$)$ Prepare the adjusting entry to record the accrual of interest on December $31,2017.($c$)$ Show the balance sheet presentation on December $31,2017.($d$)$ Prepare the journal entry to record payment of interest on May $1,2018.($e$)$ Prepare the adjusting entry to record the accrual of interest on December $31,2018.($f$)$ Assume that on January $1,2019,$ Herron pays the accrual bond interest and calls the bonds. The call price is $102.$ Record the payment of interest and redemption of the bonds.