P15.1 (1.02, 4), AP Financial Statement On May 1, 2022, Herron Corp, issued $600,000,9$5,5y yar 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. Instructions a. Prepare the joumal entry to record the issuance of the boods. b. Prepare the adjusting entry to record the accrual of intereat on December 31,2022. c. Show the balance sheet presentation on December 31, 2022. d. Prepare the foumal eatry to record paymeat of iaterest on May 1, 2023. d. Int. exp, $18,000 e. Prejare the adjusting entry to record the accrul of interest on December 31, 2023 . f. Assume that on January 1, 2024. Herron pays the acerued bond interest and calls the bonds. The call price is 102 . Record the payment of interest and redemption of the bonds. Prepare entries to reword issuance of bonds, interest acerual, and bond redemption