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 December 31. Prepare the journal entry to record the ice.no value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on unt titles are automatically indented when amount is entered. Do not indent manually.) Prepare the journal entry to record payment of interest on May 1, 2021. (Credit account titles are automatic decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit May 1, 2021 SHOW LIST OF ACCOUNTS LINK TO TECT LINK TO TEXT