FULLSCREEN PRINTER VERSION BACK NE Question 15 On May 1, 2021, Sandhill Corp. D 5552,000 of 9%, 5-year unsecured bonds at face value. The bonds were dated May 1, 2021, and pay interest annually on May 1. Financial statements are prepared annually on December 31 (a) Your answer is correct Is this a debenture bond? SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINE TO THE LINK TO TEXT LINK TO TEXT LINK TO TEXT By accessing this question Ance, you will learn while you earn points based on the Paint Potential Polity set by your instructor (b) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automaticall required, select "No Entry" for the account tities and enter o for the amounts.) Date Account Titles and Explanation Debit Credit May 1, 2021 TCash 552000 552000 Bonds Payable (To record issuance of bonds.) SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Your answer is correct. Prepare the adjusting entry to record the accrual of interest on December 31, 2021. (Credit account title If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 Interest Expense 33120 33120 Interest Payable (To accrue interest expense.) (d) Show the balance sheet presentation at December 31, 2021. SANDHILL CORP. Balance Sheet (Partial) $ LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point