Sage Corporation issued $588,000 of 6% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1. 2023, with interest payable July 1 and January 1. The bonds were issued at face value plus accrued interest. Prepare Sage's journal entries for (a) the May 1 issuance. (b)the July 1 interest payment, and (c) the December 31 adjusting entry. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit (a) May 1, 2020 Cred Cash Bonds Payable Interest Expense (b) July 1, 2020 Interest Expense Cash (c) Dec. 31.2020 Interest Expense Interest Payable