Bond Issue B (A) Cash Interest Paid $440,000.0 % 12.0% X 3/12 (B) Period Interest Expense (E) X 12.5% x 3/12 (C) Amort. (A) - (B) $ Period Ending Apr. 1/18 Jul. 1/18 : Apr. 1/26 Jul. 1/26 Oct. 1/26 Jan. 1/27 Apr. 1/27 Jul. 1/27 Oct. 1/27 Jan. 1/28 Apr. 1/28 Totals $ 13,200 : 13, 200 13,200 13, 200 13,200 13, 200 13, 200 13, 200 13, 200 13,200 $ 528,000 $ 13,361 : 13,617 13,630 13,643 13,657 13,672 13,686 13,702 13,717 13,732 * $ 540, 460 161 : 417 430 443 457 472 486 502 517 532 (D) Unamortized Balance $12,460 12,299 : 3,839 3,409 2,966 2,509 2,037 1,551 1,049 532 0 (E) Carrying Value $440,000 (D) $ 427,540 427,701 : 436,161 436,591 437,034 437,491 437,963 438, 449 438,951 439,468 440,000 $12,460 *Adjusted for rounding 2. Bond Issue B a. Were the bond B issued at a premium and/or discount? Issued at discount O Issued at premium Issued at premium & discount b. Journalize the issuance of bond B on April 1, 2018. View transaction list Journal entry worksheet 1 Record the Issuance of bonds at a discount. Note: Enter debits before credits. Date General Journal Debit Credit April 01, 2018 Cash Bonds payable Discount on bonds payable Record entry Clear entry View general journal c. What is the contract interest rate for the issue bond B? Contract interest rate % d. Interest of how much is paid how often for bond B issued? Interest paid e. What is the term of bond B issue? Term of each bond issue year term f. Show how bond B would appear on the balance sheet under non-current liabilities at July 31, 2026. Balance Sheet (Partial) Non-current liablities g. Calculate the bond B interest expense that would appear on the income statement for the year ended July 31, 2027. Total bond interest expense h. Independent of (a) through (g), assume that bond B issues was retired on December 1, 2027, at 97. Record the entries. View transaction list Journal entry worksheet 1 2 > Record the interest paid on bonds. Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2027 Record entry Clear entry View general Journal