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HILI Corporation had the following bond issue: Date of issue/sale: May 1, 20-A Principal: $500,000 Sale price of bonds: 100 uite of bonds: 10 years

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HILI Corporation had the following bond issue: Date of issue/sale: May 1, 20-A Principal: $500,000 Sale price of bonds: 100 uite of bonds: 10 years Stated rate: 6% a year payable semiannually on October 31 and April 30 Required: Prepare the following generalfournal entries a. The issuance of the bonds on May 1, 20-A b. The first interest payment for 20 A c. The adjusting entry for December 31, 20-A d. The rivering antry for donary 2013 If an amount box does not require an entry, wit banki ouge DATE DESCRIPTION POST REF DEBIT CREDIT $ 4 % 5 & 7 2 3 6 6 8 E R. T U fan amount box does not require an entry, leave it blank. Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 a. May 1 2 2 3 M 0./32 n 6 7 c. Dec. 31 B 2003 SO 20 $ 4 % 5 & 7 8 0 9 6. 3 R. E T Y U

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