On May 1, 2020, Carla Vista Corp. issued $630,000, 10 %6, 5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 31. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented whe amount is entered. Do not indent manually.) Account Titles and Explanation Date Debit Credit May 1, 2020 SHOW LIST OF ACCOUNTS LNK TEXT LINK TO TEXY 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. Round answers to 0 decimal places, e.g. 5,675.) Credit Account Titles and Explanation Debit Date Dec. 31, 2020 SHOW LIST OF ACCOUNTS INK TO TEXT LINK TO TEXY tound ansuers to 0 decimal places, e.g. 5,675.) CALCULATOR PRINTER VERSION BACK NEX Show the balance sheet presentation on December 31, 2020. (Enter account name only and do not provide descriptive information. Round answers to 0 decimal places, e.g. 5,675.) Carla Vista Corp. Balance Sheet (Partial) SHOW LIST oF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the journal entry to record payment of interest on May 1, 2021. (Credit account titles are automatically indented when amount is entered. De not indent manually. Round answers to 0 decimal places, e.g. 5,675.) Credit Debit Account Titles and Explanation Date May 1, 2021 SHOW LEST OF ACCOUNTS Prepare the adjusting entry to record the accrual of interest on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manua Round answers to 0 decimal places, e.g. 5,675.) Account Titles and Explanation Date Debit Credit Dec. 31, 2021 dy SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXY Assume that on January 1, 2022, Carla Vista pays the accrual bond interest and calls the bonds. The call price is 104. Record the payment of interest and redemption of the bonds. (Credit acce titles are automatically indented when amount is entered. Do not indent manually, Round answers to 0 decimal places, e.g. 5,675.) Credit Debit Account Titles and Explanation Date Jan. 1, 2022 (To record payment of interest) Jan. 1, 2022 (To record redemption of the bonds) Open Show Work Click if you would like to Show Work for this question: 6 MacBook Pro Q Search or type URL