On May 1, 2022, Pharoah Corp. issued $650,000,6%,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. (a) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automaticolly indented when amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31, 2022. (Credit occount titles are automaticaliy indented When armount is entered, Do not indent manuallyy) Show the balance sheet presentation on December 31, 2022. (Enter account name only and do not provide descriptive informathan) Prepare the journal entry to record payment of interest on May 1. 2023. ICredlt aceount tidles cre automaticolly indented when dmoumt is entered. Do not indent manually] Prepare the adjusting entry to record the accrual of interest on December 31, 2023. (Credt aceount tides are autometically indentend when amount is entered, Do not lndent manualiyy) Assume that on Jaruary 1, 2024, Pharoah pays the accrual bond interest and calls the bonds. The call price is 101. Record the payment of interest and redemption of the bonds. (Credit acoount tilles are automatloally indented when amount is entered. Do not Indent mareiolfye) On May 1, 2022, Pharoah Corp. issued $650,000,6%,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. (a) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automaticolly indented when amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31, 2022. (Credit occount titles are automaticaliy indented When armount is entered, Do not indent manuallyy) Show the balance sheet presentation on December 31, 2022. (Enter account name only and do not provide descriptive informathan) Prepare the journal entry to record payment of interest on May 1. 2023. ICredlt aceount tidles cre automaticolly indented when dmoumt is entered. Do not indent manually] Prepare the adjusting entry to record the accrual of interest on December 31, 2023. (Credt aceount tides are autometically indentend when amount is entered, Do not lndent manualiyy) Assume that on Jaruary 1, 2024, Pharoah pays the accrual bond interest and calls the bonds. The call price is 101. Record the payment of interest and redemption of the bonds. (Credit acoount tilles are automatloally indented when amount is entered. Do not Indent mareiolfye)