Reference no: EM132606298
On May 1, 2021 Tamarisk construction Limited issue $ 840000 off 20 year 6% Bonds at 100. The bonds pay interest semi annually on November 1 and may 1. Tamarisk has a calendar year end
Enter the following entries
Question A) record the insurance bond on may 1, 2021
Question B) record the first interest payment on November 1, 2021
Question C) record any adjusting entry required at December 31, 2021
Question D) record the second interest payment in may 1 2022
Question E) assume that in may 1, 2022, immediately after paying the semi annual interest, tamarisk redeemed 50% of the bonds at 98. Record the redemption of the bond
Question F) record the third interest payment in nov 1 , 2022 for the remaining bonds
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: Assume that in may 1, 2022, immediately after paying the semi annual interest, tamarisk redeemed 50% of the bonds at 98. Record the redemption of the bond
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