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please answer the question with the red boxes around it and show all your work On May 1, 2024, Carla Vista Corp. issued $935,000 of
please answer the question with the red boxes around it and show all your work
On May 1, 2024, Carla Vista Corp. issued $935,000 of 5 -yea, 5% bonds at $895,121. This price resulted in an effective interest rate of 6% on the bonds. The bonds pay interest semi-annually on May 1 Carla Vista's year end is April 30. (a) Record the issue of the bonds on May 1, 2024. (1ht debit entry before credit entry. Credit account dilles are autematically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the eccount tides and enter 0 for the amounts) Your Answer Correct Answer (Used) Prepare an effective-interest amortization table for this bond. (Round answers to 0 decimal pleces, e.8. 5,276) Assume that on May 1, 2027, after payment of the interest, Carla Vista redeems all of the bonds at 102. Record the redemption of the bonds. (List all debit entries before credit entries. 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 account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,276.) Step by Step Solution
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