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Current Attempt in Progress On May 1, 2021. Sage Hill Construction Ltd. issued $800.000 of 20-year, 65% bonds at 100. The bonds pay interest
Current Attempt in Progress On May 1, 2021. Sage Hill Construction Ltd. issued $800.000 of 20-year, 65% bonds at 100. The bonds pay interest semi-annually on November 1 and May 1. Sage Hill has a calendar year end. (Credit account titles ont automatically indented when the amount le entered Des not indent manually. If no entry is required select "No Entry for the account titles and enter O for the amounts Round awers to dec places, eg. 5.276) (a) Record the issuance of the bonds on May 1.2021 (b) Record the first interest payment on November 1.2021 (c) Prepare any adjusting entry required at December 31, 2021. (d) Record the second interest payment on May 1, 2022. (e) 00 Assume that on May 1, 2022. immediately after paying the semi-annual interest. Sige Hill redeemed 50% of the bonds at 97. Record the redemption of the bond Record the third interest payment on November 1, 2022. for the remaining bonds No. Date Account Titles and Explanation May 1, (a) 2021 OL Credit Debit
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