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please help! 16. On June 1, 2019, Gator Corporation issued $700,000, 6%, 10-year bonds at face value. Interest is payable annually on June 1. Gator

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16. On June 1, 2019, Gator Corporation issued $700,000, 6%, 10-year bonds at face value. Interest is payable annually on June 1. Gator Corporation has a calendar year end. Instructions (10 points): a. Prepare the required journal entries related to the bonds as shown below. June 1, 2019 (issuance of the bonds) December 31, 2019 (adjusting entry for accrual of interest) b. Show the balance sheet presentation of the bonds and any related accounts on December 31, 2019. c. Prepare the journal entry for the interest payment on June 1, 2020

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