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On May 1, 2021, Windsor Construction Ltd. Issued $750,000 of 20-year, 6% bonds at 100. The bonds pay interest semi-annually on November 1 and May

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On May 1, 2021, Windsor Construction Ltd. Issued $750,000 of 20-year, 6% bonds at 100. The bonds pay interest semi-annually on November 1 and May 1. Windsor has a calendar year and (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the accounts for the amounts. Round answers to o decimal places, e.g. 5,276.) (a) Record the issuance of the bonds on May 1, 2021. (b) Record the first interest payment on November 1, 2021. Prepare any adjusting entry required at December 31, 2021. (d) Record the second interest payment on May 1, 2022. (e) Assume that on May 1, 2022, immediately after paying the semi-annual Interest, Windsor redeemed 50% of the bonds at 97. Record the redemption of the band. (0 Record the third interest payment on November 1, 2022, for the remaining bonds. No. Date Account Titles and Explanation Debit Credit (a) May 1, 2021 Cash Bonds Payable (6) Nov 1, 2021 Interest Expense Cash (Dec 31, 2021 interest Expense Policx I R 2000-2020. ohn Wiley Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.2 (a) May 1, 2021 Cash Bonds Payable (b) Nov. 1, 2021 Interest Expense Cash (1) Dec 31, 2021 Interest Expense Interest Payable (d) May 1, 2022 Interest Expense Cash Bonds Payable (e) May 1, 2022 Interest Expense Interest Payable Bonds Payable Version 4.24.101 (b) Nov. 1, 2021 Interest Expense Cash (c) Dec 31, 2021 Interest Expense DOON Interest Payable (d) May 1, 2022 Interest Expense Cash Bonds Payable (e) May 1, 2022 Interest Expense Interest Payable Bonds Payable (1) Nov 1, 2022 Interest Payable (Cash 42420

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