Part 6

Exercise 15-04 a-d Sunland Company issued $586,500 of 8%, 10-year bonds on lanuary 1, 2D20, at face value. Interest is payable annually on January 1 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 an. 1, 2020 Prepare the journal entry to record the accrual or interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Prepare the jounal entry to record the payment of interest on January 1, 2021. (Credit account titfes are autommatically indented when amount is entered. Do not indent manualy.) Date Account Titles and Explanation Debit Credit an. 1, 2021 Prepare the journal entry to record the redemption of bonds at maturity, assuming interest for the last interest peried has been paid and recorded. (Credit account titles are automaticaNy indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit ian. 1, 2027 Click if you would like to Show Work for this question: Oen Show Work