Question: Problem 15-1A On May 1 statements are prepared annually on December 31. 1, 2017, Herron Corp. issued $860,000 12%, 5-year bonds at face value. The

value. The bonds were dated May 1, 2017 , and pay interest

annually on May 1. Financial journal entry to record the issuance of

Problem 15-1A On May 1 statements are prepared annually on December 31. 1, 2017, Herron Corp. issued $860,000 12%, 5-year bonds at face value. The bonds were dated May 1, 2017 , and pay interest annually on May 1. Financial journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not Account Titles and Explanation indent manuall Date May 1, 2017 SHOW LST OF ACCOINTS Prepare the adjusting entry to record the accrual of interest on December 31, 2017. indent manually. Round answers to 0 decimal places,e.g. 5,675 redl account ites are autonaticaly Indented when amount is entere Date Account Titles and Explanation Debit Credit Dec. 31, 2017

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