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Question: problem 1501a af video on may 1 2020 sunland corp...

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Problem 15-01A a-f (Video) On May 1, 2020, Sunland Corp. issued $670,000, 12%, 5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 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 manually. Date Account Titles and Explanation Debit Credit May 1, 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the adjusting entry to record the accrual of interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXTShow the balance sheet presentation on December 31, 2020. (Enter account name only and do not provide descriptive information. Round answers to O decimal places, e.g. 5,675.) Sunland Corp. Balance Sheet (Partial) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the journal entry to record payment of interest on May 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit May 1, 202:1 SHOW LIST OF ACCOUNTSPrepare the adjusting entry to record the accrual of interest on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually, Round answers to O decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Assume that on January 1, 2022, Sunland pays the accrual bond interest and calls the bonds. The call price is 104. Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually, Round answers to O decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 (To record payment of interest) Jan. 1, 2022 (To record redemption of the bonds)Problem 15-01A a-f (Video) Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Allowance for Doubtful Accounts Bad Debt Expense Bonds Payable Buildings Cash Cash Dividends Common Stock Depreciation Expense Discount on Bonds Payable Dividends Payable Equipment Gain on Bond Redemption Interest Expense Interest Payable Inventory Land Lease Liability Leased Asset-Equipment Loss on Bond Redemption Mortgage Payable Notes Payable Other Operating Expenses Paid-in Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Par-Preferred Stock Preferred Stock Premium on Bonds Payable Rent Expense Rent Revenue Retained Earnings Right-of-Use-Asset Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Treasury Stock Unearned Rent Revenue

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