On May 1, 2022 Pharoah Corp. issued $560,000,6%, 5-year bonds at face value. The bonds were dated May 1, 2022, 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) Date Account Titles and Explanation Debit Credit May 1 2022 Cash 560000 Bonds Payable 560000 eTextbook and Media List of Accounts Prepare the adjusting entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2022 eTextbook and Media List of Accounts Show the balance sheet presentation on December 31, 2022. (Enter account name only and do not provide descriptive information) Pharoah Corp. Balance Sheet (Partial) $ eTextbook and Media Ust of Accounts Prepare the journal entry to record payment of interest on May 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit May 1, 2023 e Textbook and Media List of Accounts Prepare the adjusting entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation Debit Credit Dec 31. 2023 e Textbook and Media List of Accounts Assume that on January 1.2024. Pharoahpays the accrual bond interest and calls the bonds. The call price is 105. Record the payment of interest and redemption of the bonds. (Credit accounts are outomatically indented when amount is entered. Do not indent morally Date Account Titles and Explanation Debit Credit Jan. 1. 2024 To record payment of interest) Jan 1 2024 (To record redemption of the bonds)