P11.1 (LO 2, 4) On May 1, 2020, Heron Industries AG issued CHF600000 9%, 5-year bonds a value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 31 t face Prepare entries to record isswance of bonds, interest accrual, and bond redemption. Instructions a. Prepare the journal entry to record the issuance of the bonds. b. Prepare the adjusting entry to record the accrual of interest on December 31, 2020. c. Show the statement of financial position presentation on December 31,2020. d. Prepare the journal entry to record payment of interest on May 1, 2021. d. Int. exp. CHF18,000 e. Prepare the adjusting entry to record the accrual of interest on December 31, 2021. f. Assume that on January 1, 2022, Herron pays the acrued bond interest and calls the bonds at 102. Record the payment of interest and redemption of the bonds. f.Loss CHF12,000