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 accrued interest payable 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)