On May 1, 2020, Herron Corp. Issued $600,000,9%, 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 when amount is entered. Do not indent manually.) Account Titles and Explanation Debit May 1, 2020 Date Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT 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 o decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit Dec 31, 2020 Show the balance sheet presentation on December 31, 2020. (Enter account name only and do not provide des decimal places, e.g. 5,675.) Herron 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 indent manually. Round answers to o decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit May 1, 2021 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 manually. Round answers to o decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit Dec 31, 2021 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Assume that on January 1, 2022, 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. (Credit account tities are automatically indented when amount is entered. Do not indent manually. Round answers to o decimal places, .. 5,675.) Account Titles and Explanation Debit Credit Jan 1, 2022 Date (To record payment of interest) Jan 1, 2022 (To record redemption of the bonds) Click if you would like to Show Work for this question: Open Show Work