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 1, 2020, and pay in December 31. Prepare the journal entry to record the issuance of the bonds. (Credit amount titles are automaticalluindout at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on it account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31, 2021. (Credit account titles are automatica to 0 decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit Dec 31, 2021