Problem 15-01A a-f (Video) On May 1, 2020, Sandhill Corp. issued $870,000, 11%, 5-year bonds at face value. The bonds were dated May December 31. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically inden Date Account Titles and Explanation May 1, 2020 Cash Debit Credit 870,000 Bonds Payable 8700 . The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on Titles are automatically indented when amount is entered. Do not indent manually.) Show the balance sheet presentation on December 31, 2020. (Enter account name only and do not provide de Sandhill Corp. Balance Sheet (Partial) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the journal entry to record payment of interest on May 1, 2021. (Credit account titles are automatically inden decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit May 1, 2021