On May 1,2022 , Oriole Corp. issued $920,000,12%,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 . E Your answer is partially correct. Prepare the journal entry to record payment of interest on May 1, 2023. (Credit account tittes are automotically indented whiess amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31, 2023. (Credit account tides are outomoticolly ind when amount is entered. Do not indent manually.) Assume that on January 1, 2024, Oriole 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 account titles are automatically indented when amount is encersed. Do nat. Indent manually)