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 June 1/23 Dec. 1/23 Dec. 1/29 June 1/30 Dec. 1/30 June 1/31 Dec. 1/31 June 1/32 Totals (A) Cash Interest Paid $690,000 x 9.0% x 6/12 $ 31,050 31,050 31,050 31,050 31,050 31,050 31,050 $ 558,900 (B) Period Interest Expense (E) x 8.0% x 6/12 $ 29,347 28,323 28,214 28,101 27,983 27,860 27,734 $ 515,225 (C) Amort. (A) - (B) $ 1,703 2,727 2,836 2,949 3,067 3,190 3,316 $43,675 (D) Unamortized Balance $43,675 41,972 15,358 12,522 9,573 6,506 3,316 0 (E) Carrying Value $690,000 + (D) $ 733,675 731,972 705,358 702,522 699,573 696,506 693,316 690,000 *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
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 \\( \\mathbf{B} \\) interest expense that would appear on the income statement for the year ended July 31,203 h. Independent of (a) through (g). assume that bond B issues was retired on December 1, 2030, at 97 . Record the 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 values.) 9. Calculate the total bond A interest expense that would appear on the income statement for the year ended July 31,20 h. Independent of (a) through (g), assume bond A issues were retired on December 1, 2030, at 97. Record the entries Required: 1. Bond Issue A a. Were the bond \\( A \\) issued at a premium and/or discount? Issued at discount Issued at premium Issued at premium \\& discount b. Joumalize the issuance of bond A on June 1, 2023. Journal entry worksheet Record the sale of bonds at a premium on the original issue date. Bond Issue B *Adjusted for rounding 2. Bond Issue \\( B \\) o. Were the bond \\( B \\) issued at a premium andior discount? 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? 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? Mahalo Boat Adventure Inc has a July 31 year-end, It showed the following partial amortization schedules regarding two bond issues: Bond Issue A \"Adjusted for rounding (For oll requirements, do not round intermediate colculations. Round the finol answers to the nearest whole doller.) Required: 1. Bond Issue A 2. Bond Issue B a. Were the bond B issued at a premium and/or discount? Issued at discount Issued at premium Issued at premium \\& discount b. Journalize the issuance of bond B on April 1, 2021. Journal entry worksheet 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 \\( \\mathbf{B} \\) interest expense that would appear on the income statement for the year ended July 31,203 h. Independent of (a) through (g). assume that bond B issues was retired on December 1, 2030, at 97 . Record the 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 values.) 9. Calculate the total bond A interest expense that would appear on the income statement for the year ended July 31,20 h. Independent of (a) through (g), assume bond A issues were retired on December 1, 2030, at 97. Record the entries Required: 1. Bond Issue A a. Were the bond \\( A \\) issued at a premium and/or discount? Issued at discount Issued at premium Issued at premium \\& discount b. Joumalize the issuance of bond A on June 1, 2023. Journal entry worksheet Record the sale of bonds at a premium on the original issue date. Bond Issue B *Adjusted for rounding 2. Bond Issue \\( B \\) o. Were the bond \\( B \\) issued at a premium andior discount? 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? 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? Mahalo Boat Adventure Inc has a July 31 year-end, It showed the following partial amortization schedules regarding two bond issues: Bond Issue A \"Adjusted for rounding (For oll requirements, do not round intermediate colculations. Round the finol answers to the nearest whole doller.) Required: 1. Bond Issue A 2. Bond Issue B a. Were the bond B issued at a premium and/or discount? Issued at discount Issued at premium Issued at premium \\& discount b. Journalize the issuance of bond B on April 1, 2021. Journal entry worksheet
