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

$$660,000\backslash$times

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

Period

Interest

Expense

$($E$)\backslash$times $10\mathrm{.}0\%\backslash$times $6/12($C$)$

Amort.

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

Unamortized

Balance $($E$)$

Carrying

Value

$$660,000+($D$)$

June $1/23$ $ $38,576$ $ $698,576$

Dec. $1/23$ $ $36,300$ $ $34,929$ $ $1,37137,205697,205$

$$

$$

$$

$$

$$

$$

Dec. $1/2936,30033,8372,46314,287674,287$

June $1/3036,30033,7142,58611,701671,701$

Dec. $1/3036,30033,5852,7158,986668,986$

June $1/3136,30033,4492,8516,135666,135$

Dec. $1/3136,30033,3072,9933,142663,142$

June $1/3236,30033,1583,1420660,000$

Totals $ $653,400$ $ $614,824$ $ $38,576$

$*$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

$$520,000\mathrm{.}0\backslash$times

$11\mathrm{.}0\%\backslash$times $3/12($B$)$

Period

Interest

Expense

$($E$)\backslash$times $11\mathrm{.}5\%\backslash$times $3/12($C$)$

Amort.

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

Unamortized

Balance $($E$)$

Carrying

Value

$$520,000($D$)$

Apr. $1/21$ $ $15,333$ $ $504,667$

Jul. $1/21$ $ $14,300$ $ $14,509$ $ $20915,124504,876$

$$

$$

$$

$$

$$

$$

Apr. $1/2914,30014,8045044,588515,412$

Jul. $1/2914,30014,8185184,070515,930$

Oct. $1/2914,30014,8335333,537516,463$

Jan. $1/3014,30014,8485482,989517,011$

Apr. $1/3014,30014,8645642,425517,575$

Jul. $1/3014,30014,8805801,845518,155$

Oct. $1/3014,30014,8975971,248518,752$

Jan.