Problem 10-3A (Part Level Submission) On May , 2017, Herron Corp. issued $600,000, 9%, 5-year bonds at face value. The bonds were dated May 1, 2017, and pay interest annually on May 1. Financial statements are prepared annually on December 31. y (a) Your answer is correct. veean a m our ns l entry to record the issuance of the bonds. (Credit account titles are automatically indented Date Account Titles and Explanation Debit Credit dy May 1, 2017 [Cash 600,000 Bonds Payable 600,000