On May 1,2020, Tamarisk, Inc. issued $645,000, 12 % , 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) Credit Debit Account Titles and Explanation Date May 1, 2020 eTextbook and Media List of Accounts 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) Credit Debit Account Titles and Explanation Date Dec. 31, 2020 Show the balance sheet presentation on December 31, 2020. (Enter account name only and do not provide descriptive information) Tamarisk,Inc. Balance Sheet $ $ eTextbook and Media List of Accounts Prepare the journal entry to record payment of interest on May 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Credit Date Debit 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) Account Titles and Explanation Date Debit Credit Dec. 31, 2021 eTextbook and Media List of Accounts Assume'that on January 1, 2022, Tamarisk pays the accrued bond interest and calls the bonds at 105. Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Credit Account Titles and Explanation Debit Date Jan 1,2022 (To record payment of interest) Jan. 1, 2022 (To record redemption of bonds)