Problem 15-01A a-f (Video) On May 1 2020 Sunland Corp issued sas o 9%, 5-year bonds at face value. The bonds ere dated May 1 2020 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 entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 1, 2020 LIST OF ACCOUNTS Prepare the adjusting entry to record the accrual of interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 LIST OF ACCOUNTS Show the balance sheet presentation on December 31, 2020. (Enter account name only and do not provide descriptive information. Round answers to 0 decimal places, e.g. 5,675.) Sunland Corp. Balance Sheet (Partial) Prepare the Journal entry to record payment of interest on May 1, 2021.(Credit account titles are automatically indented when amount is entered. Do not indent manually.Round answers to O decimal places,e.g.5,675.) Date Account Titles and Explanation May 1, 202 Prepare the adjusting entry to record the accrual of interest on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places,e.g.5,675.) Date Account Tities and Explanation Debit Credit Dec. 31, 2021 LIST OF ACOOUNTS Assume that on aru y 1 20 Sunand pays the accrual bond interest an cis the bonds. The cal price is 101. Record the pey H ntinterest and red rnption or the bo to 0 decimal places,e.g.5,675.) s. Credit account titles are auton tica"yin ented when amount is entered. Do not indent man any Round answers Date Account Tities and Explanation Debit Credit Jan, 1, 2022 To recurd paymerit of interest Jan. 1, 2022 To nacord demption of the bondk)