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3 0/15 points awarded Scored On June 1, 2020, JetCom Inventors Inc. Issued a $530,000 10%, three-year bond. Interest is to be paid semiannually beginning

3 0/15 points awarded Scored On June 1, 2020, JetCom Inventors Inc. Issued a $530,000 10%, three-year bond. Interest is to be paid semiannually beginning December 1, 2020. Required: a. Calculate the issue price of the bond assuming a market interest rate of 11% (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Issue price of the bond b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) 00000 Period, Ending Cash Interest Paid Period Interest Expense Discount Unamortized Amort Carrying Discount Value June 1/20 Dec 1/20 * June 1/21 Dec. 1/21 0000 0000 00000 Credit 0/15 3 points awarded Part 1 Prepare journal entries to the following (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) a. Issuance of the bonds on June 1, 2020 b. Payment of interest on December 1, 2020 c. Adjusting entry to accrue bond Interest and discount amortization on January 31, 2021 d. Payment of interest on June 1, 2021 Assume JetCom Inventors Inc. has a January 31 year-end. Scored No Date 1 June 01, 2020 2 December 01, 20 General Journal 3 January 31, 2021 4 June 01, 2021 000 Debit 00 0 000 000 00 0 00 0 00 00 10/15 points awarded Scored Part 2 Show how the bands will appear on the balance sheet under non-cunt liabilities at January 31, 2022 (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Balance Sheet (Partial) Non-current liabilities

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