On May 1, 2024, Sunland Corp. issued $870,000 of 5-year, 5% bonds at $832,894. This price resulted in an effective interest rate of 6% on the bonds. The bonds pay interest semi-annually on May 1. Sunland's year end is April 30. (a) Your answer is correct. Record the issue of the bonds on May 1, 2024. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles May 1, 2024 Cash Bonds Payable eTextbook and Media List of Accounts Debit Credit 832894 832894 Sunland CORP. Bond Discount Amortization Table Effective Interest Method-Semi-Annual Interest Payments 5% Bonds Issued at market rate of 6% te Interest Payment y 1, 2024 v. 1, 24 y 1, 2025 v. 1, 25 y 1, 2026) v. 1. 26 y 1, 2027 v.1. 27 12028 Interest Expense Discount Amortization Bond Carrying Amou 8328 Date May 1, 2024 Nov. 1. 2024 May 1, 2025 Nov. 1. 2025 May 1, 2026 Nov. 1, 2026 May 1, 2027 Nov. 1, 2027 May 1, 2028 Nov. 1, 2028 May 1, 2029. Interest Payment Interest Expense Discount Amortization Bond Carrying A