Question 23 Randy Co. (Randy) sells $1,200,000 of 6 -year, 10% bonds at par plus accrued interest. The bonds are dated January 1,2022 but due to market conditions are not issued until May 1,2022 . Interest is payable on June 30 and December 31 each year. The market rate of interest at time of issue is the same as the stated rate. Required: Assume that Randy has adopted a policy of crediting interest expense for the accrued interest on the date of sale. Prepare journal entries to record: a. The issuance of the bonds on May 1, 2022. (3 marks) b. Payment of interest on June 30,2022 . (2 marks) c. Payment of interest on December 31, 2022. (1 mark)