Bond Issue B Period Ending (A) Cash Interest Paid $620,000.0 7.0% 3/12 (B) Period Interest Expense (E) 8.0% 3/12 (C) Amort. (A) (B) (D) Unamortized Balance (E) Carrying Value $620,000 (D) Apr. 1/21 $ 42,401 $ 577,599 Jul. 1/21 $ 10,850 $ 11,552 $ 702 41,699 578,301 Apr. 1/29 10,850 12,147 1,297 11,353 608,647 Jul. 1/29 10,850 12,173 1,323 10,030 609,970 Oct. 1/29 10,850 12,199 1,349 8,681 611,319 Jan. 1/30 10,850 12,226 1,376 7,305 612,695 Apr. 1/30 10,850 12,254 1,404 5,901 614,099 Jul. 1/30 10,850 12,282 1,432 4,469 615,531 Oct. 1/30 10,850 12,311 1,461 3,008 616,992 Jan. 1/31 10,850 12,340 1,490 1,518 618,482 Apr. 1/31 10,850 12,368 * 1,518 0 620,000 Totals $ 434,000 $ 476,401 $ 42,401 *Adjusted for rounding 2. Bond Issue B a. Were the bond B issued at a premium and/or discount? multiple choice 2 Issued at discount Issued at premium Issued at premium & discount b. Journalize the issuance of bond B on April 1, 2021. c. What is the contract interest rate for the issue bond B? d. Interest of how much is paid how often for bond B issued? e. What is the term of bond B issue? f. Show how bond B would appear on the balance sheet under non-current liabilities at July 31, 2029. g. Calculate the bond B interest expense that would appear on the income statement for the year ended July 31, 2030. h. Independent of (a) through (g), assume that bond B issues was retired on December 1, 2030, at 97. Record the entries.