On May 1, 2022, Sunland Corp. issued $670,000, 12%, 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 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 Dec. 31, 2022 Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 2 used Submit Answer (c) Show the balance sheet presentation on December 31, 2022. (Enter account name only and do not provide descriptive information.) Sunland Corp. Balance Sheet (Partial) (d) eTextbook and Media List of Accounts Save for Later $ Attempts: 0 of 2 used Submit Answer 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 May 1. 2023 Debit Credit Prepare the adjusting entry to record the accrual of interest on December 31, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (f) Date Account Titles and Explanation Dec. 31, 2023 eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 2 used Submit Answer Assume that on January 1, 2024, Sunland 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 account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Jan. 1. 2024 Jan. 1, 2024 (To record payment of interest) (To record redemption of the bonds) eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 2 used Submit