Chapter 14 Assignment 1 On March 1, 2020. Quinto Mining Inc. issued a $660.000, 12%, three-year bond. Interest is payable semiannually beginning September 1. 2020 Required: Part 1 a. Calculate the bond issue price assuming a market Interest rate of 11% on the date of Issue. (Do not round Intermediate calculations. Round the final answer to nearest whole dollar.) Total issue price b. Using the effective Interest method, prepare an amortization schedule. (Do not round Intermediate calculations. Round the final answers to nearest whole dollar. Enter all the amounts as positive values.) Cash Interest Period Interest Paid Expense Premium Amort. Unamortized Premium Carrying Value Period Ending Mar. 1/20 Sept. 1/20 Mar. 121 Sept. 121 Mar. 1/22 Sept. 1/22 Mar. 1/23 Totals 0 $ 0 $ 0 S c. Record the entries for the issuance of the bond on March 1, the adjusting entry to accrue bond Interest and related amortization on April 30. 2020, Quinto's year-end, and the payment of Interest on September 1, 2020. (Do not round Intermediate calculations. Round the final answers to nearest whole dollar.) View transaction list 1 Record the issuance of bond. 2 Record accrual of interest on bond. 3 Record payment of interest. Credit Note : journal entry has been entered Record entry Clear entry View general Journal