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 1/20 Dec. 1/20 (A) (B) Period Interest Cash Interest Paid $670,000 10.08 6/12 Expense (E) x 9.0% x 6/12 (C) Amort. (D) Unamortized - (A) (B) Balance $40,736 (E) Carrying Value $670,000 + (D) $ 710,736 $ 33,500 $ 31,983 $ 1,517 39,219 709,219 B Dec. 1/26 33,500 30,928 2,572 14,708 684,708 June 1/27 33,500 30,812 2,688 12,020 682,020 Dec. 1/27 33,500 30,691 2,809 9,211 679,211 June 1/28 33,500 30,564 2,936 6,275 676,275 Dec. 1/28 33,500 30,432 3,068 3,207 673,207 June 1/29 33,500 30,293 3,207 0 670,000 Totals $ 603,000 $562,264 $40,736 *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? Issued at discount Issued at premium Issued at premium & discount b. Journalize the issuance of bond A on June 1, 2020. View transaction list View journal entry worksheet General Journal Debit 710,736 No Date 1 June 01, 2020 Cash Premium on bonds payable Bonds payable Credit 40,736 670,000 c. What is the contract interest rate for the issue bond A? Contract interest rate 10% d. Interest of how much is paid how often for bond A issued? Interest paid $ 33,500 Semi-annually e. What is the term of bond A issue? Term of each bond issue 9 year term 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 $ 670,000 $ 670,000 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 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 < 1 2 Record the payment of interest on bonds. Note: Enter debits before credits. General Journal Debit Credit Date December 01, 2027 Premium on bonds payable Cash Record entry Clear entry View general journal > 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 < 1 2 Record the retired bonds. Note: Enter debits before credits. Date December 01, 2027 General Journal Debit Credit Record entry Clear entry View general journal Bond Issue B Period Ending Apr. 1/18 (A) Cash Interest Paid $530,000.0 10.0% x 3/12 (B) Period Interest Expense (E) 10.5% 3/12 (C) Amort. (D) Unamortized (A) (B) Balance (E) Carrying Value $530,000 (D) $16,286 $ 513,714 Jul. 1/18 $ 13,250 $ 13,485 $ 235 16,051 513,949 Apr. 1/26 13,250 13,775 525 4,726 525,274 Jul. 1/26 13,250 13,788 538 4,188 525,812 Oct. 1/26 13,250 13,803 553 3,635 526,365 Jan. 1/27 13,250 13,817 567 3,068 526,932 Apr. 1/27 13,250 13,832 582 2,486 527,514 Jul. 1/27 13,250 13,847 597 1,889 528,111 Oct. 1/27 13,250 13,863 613 1,276 528,724 Jan. 1/28 13,250 13,879 629 647 529,353 Apr. 1/28 13,250 13,897* 647 0 530,000 Totals $ 530,000 $ 546,286 $16,286 *Adjusted for rounding 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, 2018. View transaction list Journal entry worksheet 1 Record the Issuance of bonds at a discount. Note: Enter debits before credits. Date April 01, 2018 General Journal Debit Credit Record entry Clear entry View general journal c. What is the contract interest rate for the issue bond B? Contract interest rate % > d. Interest of how much is paid how often for bond B issued? Interest paid e. What is the term of bond B issue? Term of each bond issue year term f. Show how bond B would appear on the balance sheet under non-current liabilities at July 31, 2026. Balance Sheet (Partial) Non-current liablities g. Calculate the bond B interest expense that would appear on the income statement for the year ended July 31, 2027. Total bond interest expense h. Independent of (a) through (g), assume that bond B issues was retired on December 1, 2027, at 97. Record the entries. View transaction list Journal entry worksheet 1 2 Record the interest paid on bonds. Note: Enter debits before credits. Date December 01, 2027 General Journal Debit Credit Record entry Clear entry View general journal > h. Independent of (a) through (g), assume that bond B issues was retired on December 1, 2027, at 97. Record the entries. View transaction list Journal entry worksheet < 1 2 Record the retired bonds. Note: Enter debits before credits. Date December 01, 2027 General Journal Debit Credit Record entry Clear entry View general journal >