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) Cash Interest Paid $770,000 8.0% x 6/12 (B) Period Interest Expense (E) x 7.0% x 6/12 $770,000+ (D) (E) Carrying (C) Amort. (D) Value Unamortized (A) (B) Balance $50,780. $ 820,780 $ 30,800 $ 28,727 $ 2,073 48,707 818,707 30,800 27,668 3,132 17,383 787,383 June 1/27 30,800 27,558 3,242 14,141 784,141 Dec. 1/27 30,800 27,445 3,355 10,786 780,786 June 1/28 30,800 27,328 3,472 7,314 777,314 Dec. 1/28 30,800 27,206 3,594 3,720 773,720 June 1/29 30,800 27,080 3,720 0 770,000 Totals $ 554,400 $ 503,620 $50,780 Dec. 1/26 "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 O 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 820,780 No 1 Date June 01, 2020 Cash Premium on bonds payable Bonds payable Credit 50,780 770,000 c. What is the contract interest rate for the issue bond A? Contract interest rate 8% d. Interest of how much is paid how often for bond A issued? Interest paid $ 30,800 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.) Non-current liabilities Balance Sheet (Partial) Bonds payable, 11.0 %, due June 1, 2029 Add: Premium on bonds payable $ 770,000 16,302 $ 786,302 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 $ 32,132 h. Independent of (a) through (g), assume bond A issues were retired on December 1, 2027, at 97. Record the entries View transaction list View journal entry worksheet No Date General Journal 1 December 01, 2027 Bond interest expense Premium on bonds payable Cash 2 December 01, 2027 Bonds payable. Premium on bonds payable Gain on retirement of bonds Cash Debit Credit 4,593 540 5,133 770,000 746,900