On May 1 2011 Newby Corp. issued $600000 9% 5-year bonds at face value. The bond

On May 1 2011 Newby Corp. issued $600000 9% 5-year bonds at face value. The bonds were dated May 1 2011 and pay interest semi-annually on May 1 and November 1. Financial statements are prepared annually on December 31.Required:A. Prepare the journal entry to record the issuance of the bonds.B. Prepare the adjusting entry to record the accrual of interest on December 31 2011.C. Show the balance sheet presentation on December 31 2011.D. Prepare the journal entry to record payment of interest on May 1 2012 assuming no accrual of interest frrom January 1 2012 to May 1 2012.E. Prepare the journal entry to record payment of interest on November 1 2012.F. Assume that on November 1 2012 Newby calls the bonds at 102. Record the redemption of the bonds.