Bond Issue B (A) Cash. Period Ending Apr. 1/18 Interest Paid $630,000.0 8.0 % x 3/12 (B) Period Interest Expense (E) x 12.0% (C) (D) Amort. Unamortized 3/12 (A) - (B) Balance $145,623 (E) Carrying Value $630,000 - (D) $ 484,377 Jul. 1/18 $ 12,600 $ 14,531 $ 1,931 143,692 486,308 Apr. 1/26 12,600 17,428 4,828 44,223 585,777 Jul. 1/26 12,600 17,573 4,973 39,250 590,750 Oct. 1/26 12,600 17,723 5,123 34,127 595,873 Jan. 1/27 12,600 17,876 5,276 28,851 601,149 Apr. 1/27 12,600 18,034 5,434 23,417 606,583 Jul. 1/27 12,600 18,197 5,597 17,820 612,180 Oct. 1/27 12,600 18,365 5,765 12,055 617,945 Jan. 1/28 12,600 18,538 5,938 6,117 623,883 Apr. 1/28 12,600 18,717* 6,117 630,000 Totals $504,000 $649,623 $145,623 "Adjusted for rounding 2. Bond Issue B a. Were the bond B issued at a premium and/or discount? Issued at discount Issued at premium Issued at premium & discount b. Journalize the issuance of bond B on April 1, 2018. View transaction list View journal entry worksheet General Journal Debit Credit 484,377 145,623 630,000 No 1 Date April 01, 2018 Cash Discount on bonds payable Bonds payable c. What is the contract interest rate for the issue bond B? Contract interest rate 8% d. Interest of how much is paid how often for bond B issued? Interest paid $ 12,600 Quarterly e. What is the term of bond B issue? Term of each bond issue 10 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 Bonds payable, 12.0%, due April 1, 2028 $ 630,000 Less: Discount on bonds payable 37,542 $ 592,458 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 View journal entry worksheet Record the interest paid on bonds. 2 Record the retired bonds. Debit Credit 18,365 5,765 12,600