On October 1, 2021, Sarasota Corp. issued $888,000,5%, 10-year bonds at face value. The bonds were dated October 1. 2021, and pay interest annually on October 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.) Date Account Titles and Explanation Debit Credit Oct. 1, 2021 e Textbook and Media List of Accounts 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.) 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.) ate Account Titles and Expla Debit Credit Dec. Interest Expense 31, 021 177600 Interest Payable 1/7000 e Textbook and Media Assistance Used e Textbook Video List of Accounts Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2021. SARASOTA CORP. Balance Sheet (Partial) December 31, 2021 Total Long-term Liabilities e Textbook and Media List of Accounts m/courses/51227/assignments/710335?module_itemid=1418726 Prepare the journal entry to record the payment of interest on October 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Oct. 2022 e Textbook and Media List of Accounts ses/51227/assignments/710335?module_item_id=1418726 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 Account Titles and Explanation Debit Credit Dec. 31, 2022 e Textbook and Media List of Accounts Assume that on January 1, 2023, Sarasota pays the accrued bond interest and calls the bonds. The call price is 104, Record the nayment of interest and redemption of the bonds. (Credit account titles are automatically indented when Assume that on January 1, 2023, Sarasota pays the accrued 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 Debit Credit Jan. 2023 (To record payment of interest) Jan. 2023 (To record the redemption of the bonds) e Textbook and Media List of Accounts