Problem 10-3A On May 1, 2019, Larkspur, Inc. issued $615,000,9% S-year bonds at face value. The bonds were dated May 1, 2019, and pay interest annually on May 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 enteredt. Do not indent manual) Account Titles and Explanation Det Credit May 1, 2019 Date Prepare the adjusting entry to record the account of interest on December 31, 2019. (Credit account sites are automatically indented when amount is enterest. Do not fodent manually) Date Account Tities and Explanation Debt Credit Dec 31, 2019 Show the balance sheet presentation on December 31, 2019. (Enter account name only and do not provide descriptive information) Larkspur, Inc. Balance Sheet Dec 31, 2019 Show the balance sheet presentation on December 31, 2019. (Enter account name only and do not provide descriptive information) Larkspur, Inc. Balance Sheet $ Prepare the journal entry to record payment of interest on May 1, 2020. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 1, 2020 Prepare the journal entry to record payment of interest on May 1, 2020. (Credit account totes are automatically indented when amount is entered. De mot indent manually Date Account Titles and Explanation May 1, 2020 Debit Credit Prepare the adjusting entry to record the accrual of interest on December 31, 2020. (Credit accountilles are automatically indented when amount wanteed. Do not indent manual) Account Titles and Explanation Deble Credit Dec 31, 2020 Date Assume that on January 2021, Lanser pays the accrued bond interest and calls the bonds at 105 Record the payment of interest and redemption of the bands. (Credit account titles are automatically indented when amount is entered. Do not indent manual) Account Titles and Explanation Debit Credit Date TOR REHVISTE FECTEN RENT Dec 31, 2020 Assume that on January 1, 2021. Larkspur pays the accrued bond interest and calls the bonds at 105. Record the payment of interest and redemption of the bonds. (Credit accounties are automatically indented when amount is entered. Do not indent manually) Date Account Tities and Explanation Deble Credit Jan 1, 2021 (To record payment of interest) Jan 1, 2021 (To record redemtion of bonds)