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Can you help with f, g and h. (For f), 27 526 does not work) Mahalo Boat Adventure Inc. has a July 31 year-end. It
Can you help with f, g and h. (For f), 27 526 does not work)
Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue A (A) Cash Interest Paid $690,000 x 9.0% 6/12 (B) Period Interest Expense (E) X 8.0% X 6/12 (C) Amort. (A) (B) Period Ending June 1/20 Dec. 1/20 (D) Unamortized Balance $43,675 41,972 $ 29,347 $ 31,050 : 31,050 31,050 31,050 31,050 31,050 31,050 $ 558,900 Dec. 1/26 June 1/27 Dec. 1/27 June 1/28 Dec. 1/28 June 1/29 (E) Carrying Value $ 690,000 + (D) $ 733,675 731,972 : 705,358 702,522 699,573 696,506 693,316 690,000 $ 1,703 : 2,727 2,836 2,949 3,067 3,190 3,316 $43,675 28, 323 28, 214 28, 101 27,983 27,860 27,734 $ 515,225 15,358 12,522 9,573 6,506 3,316 0 Totals f. Show how bond A would appear on the balance sheet under non-current liabilities at July 31, 2026. (Enter all amounts as positive values.) Balance Sheet (Partial) Non-current liabilities Bonds payable, 11.0%, due June 1, 2029 $ Add: Premium on bonds payable 690,000 27,526 $ 717,526 g. Calculate the total bond A interest expense that would appear on the income statement for the year ended July 31, 2027. Total bond interest expense $ 56,537 h. Independent of (a) through (g), assume bond A issues were retired on December 1, 2027, at 97. Record the entries View transaction list Journal entry worksheet Record the payment of interest on bonds. Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2027 Record entry Clear entry View general journalStep by Step Solution
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