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On May 1, 2021, Carla Vista Corp, issued $935,000 of 5-year, 6% bonds at 98 . The bonds pay interest annually on May 1. Carla Vista year end is April 30 Record the issue of the bonds on May 1,2021. (Credit occount titfes ore automatically indented when the amount is entered. Donot indent manuoly. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Calculate the effective rate of the bonds using Excel or a financial calculator (Round answer to 4 decimal piaces, es 1.5751.) % Carla Vista CORP. Bond Discount Amortization Table Effective Interest Method-Annual Interest Payments Date Interest Payment Interest Expense Discount Amortization Bond Amortized May 1 . 2022 May 1. 2023 May 1. 2024 May 1. 2025 May 2026 Record the accrual of interest at April 30, 2022. (Credit occount tites ore outomatically indented when the omount is entered. Donon indent manually. If no entry is required, select "No Entry" for the occount tittes and enter O for the omounts. Round answers to O decimal places, eg 5,276) eTextbook and Media Record the interest payment on May 1. 2022. (Credit account lities ore outomatically indented when the amount ls entered Do not: indent manually. If no entry is required, select "No Entry" for the occount tites and enter O for the amounts: Assuming instead that Carla Vista has a December 31, 2021, year end, prepare the adjusting entry relating to these bonds and the subsequent interest payment on May 1, 2022. (Credit occount titles are outomatically indented when the amount is entered. Do not. indent manuoliy. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Round answers to O decimal ploces, es. 5, 276) Assume that on May 1,2022, after payment of the interest, Carla Vista redeems all of the bonds at 104. Record the redemption of the bonds. (Credit occount titles are outomaticolly indented when the amount is entered. Do not indent manuali). If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Round answers to 0 decimal places, es. 5,276 )
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