Problem 15-1A On May 1, 2017, Herron Corp. issued $820,, 11%, s-year honds at face valus. The honds were datad May 1, 2017, and pay intarast annually on May 1. Financial statements are prepared annually an Decamber 31. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent imanually. Date Account Titles and Explanation Debit May 1, 201.? LIST OF ACCOUNTS LTNK TO TEXT LTNK TO TEXT are automatically indented when Prepare the adusting entry to record the accrual of interest on December 31, 2017. (Credit account titles a amounmt is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,675.) Date Aocount Titles and Explanation Debit Credit Dec. 31, 2017 SHOW LIS T OF ACCOUNTS LINK TO TEXT LTNK TO TEXT L SIMDLAR PROBLEH Show the balance sheet presentation on December 21, 2017 Enter account ame only and do not provide descriptive information. Round answers to 0 dec mal places, eg. 5,675. e.g. 5,675) Dalance Sheet (Partial) SHOW LIST OF ACCOUNTS LINK TO TEXT LTNK TO TEXT L 675.) Prepare the journal entry to record payment of interest on May 1, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round ansvers to 0 decimal places, e.o. 5,675) Date Account Titles and Explanation Credit May 1, 2018 LINK TO TEXT LINK TO TEXT on December 31 Prepare the adjusting entry to record the acorual of i , 2018, (Credit account titles are automatically indented when amount is entered, Do not indent manually, Round answers to 0 decimal places, e.o. 5,675) t is entered. Do not DateAccount Titls and Explanation Debit Dec. 31, 2018 SHOW LTST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Assume that on January 1, 2019, Herron pays the accrual bond interest and calls the bonds. The call price is 103. Record the payment of interest and redemption of the bonds. (Credit account tities are automatically indented when amount is entered. Do not indent manually, Round ansiwers to 0 decimal places, e.g. 5,675. s entered. snd calls Date Account Titles and Explanation Debit Credit lan. 1, 2019 To record payment of Interest) Jan. 1, 2019 To record redemption of the bonds) Click il you would like to Show Work for this question: ren Shors Wark