Mahalo Boat Adventure Inc. has a July $31$ year$-$end. It showed the following partial amortization schedules regarding two bond issues:

Bond Issue A

Period Ending $($A$)$

Cash

Interest Paid

$$740,000\backslash$times

$12\mathrm{.}0\%\backslash$times $6/12($B$)$

Period

Interest

Expense

$($E$)\backslash$times $11\mathrm{.}0\%\backslash$times $6/12($C$)$

Amort.

$($A$)($B$)($D$)$

Unamortized

Balance $($E$)$

Carrying

Value

$$740,000+($D$)$

June $1/23$ $ $41,610$ $ $781,610$

Dec. $1/23$ $ $44,400$ $ $42,989$ $ $1,41140,199780,199$

$$

$$

$$

$$

$$

$$

Dec. $1/2944,40041,7172,68315,802755,802$

June $1/3044,40041,5692,83112,971752,971$

Dec. $1/3044,40041,4132,9879,984749,984$

June $1/3144,40041,2493,1516,833746,833$

Dec. $1/3144,40041,0763,3243,509743,509$

June $1/3244,40040,8913,5090740,000$

Totals $ $799,200$ $ $757,590$ $ $41,610$

$*$Adjusted for rounding

$($For all requirements, do not round intermediate calculations. Round the final answers to the nearest whole dollar.$)$

Required:

$1.$ Bond Issue A

a$.$ Were the bond A issued at a premium and$/$or discount?

multiple choice $1$

Issued at discount

Issued at premium

Issued at premium & discount

b$.$ Journalize the issuance of bond A on June $1,2023.$

c$.$ What is the contract interest rate for the issue bond A$?$

d$.$ Interest of how much is paid how often for bond A issued?

e$.$ What is the term of bond A issue?

f$.$ Show how bond A would appear on the balance sheet under non$-$current liabilities at July $31,2029.($Enter all amounts as positive values.$)$

g$.$ Calculate the total bond A interest expense that would appear on the income statement for the year ended July $31,2030.$

h$.$ Independent of $($a$)$ through $($g$),$ assume bond A issues were retired on December $1,2030,$ at $97.$ Record the entries

Bond Issue B

Period Ending $($A$)$

Cash

Interest Paid

$$600,000\mathrm{.}0\backslash$times

$12\mathrm{.}0\%\backslash$times $3/12($B$)$

Period

Interest

Expense

$($E$)\backslash$times $12\mathrm{.}5\%\backslash$times $3/12($C$)$

Amort.

$($A$)($B$)($D$)$

Unamortized

Balance $($E$)$

Carrying

Value

$$600,000($D$)$

Apr. $1/21$ $ $16,991$ $ $583,009$

Jul. $1/21$ $ $18,000$ $ $18,219$ $ $21916,772583,228$

$$

$$

$$

$$

$$

$$

Apr. $1/2918,00018,5695695,236594,764$

Jul. $1/2918,00018,5865864,650595,350$

Oct. $1/2918,00018,6056054,045595,955$

Jan. $1/3018,00018,6246243,421596,579$

Apr. $1/3018,00018,6436432,778597,222$

Jul. $1/3018,00018,6636632,115597,885$

Oct. $1/3018,00018,6846841,431598,569$

Jan.