Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue A ed (A) Cash (B) Period Interest Period Ending Interest Paid $730,000 x 11.0% 6/12 Expense (E) x 10.0% x 6/12 (c) Amort. (A) (D) Unamortized (B) ok June 1/20 Balance $42,667 (E) Carrying Value $730,000 + (D) $ 772,667 Dec. 1/20 $ 40,150 $ 38,633 $ 1,517 41,150 771,150 t nces Dec. 1/26 40,150 37,426 2,724 15,799 745,799 June 1/27 40,150 37,290 2,860 12,939 742,939 Dec. 1/27 40,150 37,147 3,003 9,936 739,936 June 1/28 40,150 36,997 3,153 6,783 736,783 Dec. 1/28 40,150 36,839 3,311 3,472 733,472 June 1/29 Totals 40,150 36,678 3,472 0 730,000 $ 722,700 $ 680,033 $42,667 *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? O Issued at discount '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? O Issued at discount O Issued at premium O Issued at premium & discount b. Journalize the issuance of bond A on June 1, 2020. View transaction list Journal entry worksheet 1 View transaction list Journal entry worksheet > 1 Record the sale of bonds at a premium on the original issue date. Note: Enter debits before credits. Date June 01, 2020 General Journal Debit Credit Clear entry View general journal Record entry c. What is the contract interest rate for the issue bond A? Contract interest rate % d. Interest of how much is paid how often for bond A issued? Interest paid e. What is the term of bond A issue? Term of each bond issue 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 $ YouTube 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. Date December 01, 2027 > YouTube General Journal Debit Credit Journal entry worksheet > 1 2 Record the payment of interest on bonds. Note: Enter debits before credits. Date December 01, 2027 General Journal Debit Credit YouTube Record entry Clear entry View general journal > Bond Issue B (A) Cash Interest Paid (B) Period Interest Expense $590,000.0 x (E) x 12.0% x (c) Amort. Period Ending 11.0% x 3/12 3/12 (A) - (B) Apr. 1/18 $34,094 (D) Unamortized Balance (E) Carrying Value $590,000 - (D) $ 555,906 Jul. 1/18 $ 16,225 $ 16,677 $ 452 33,642 556,358 Apr. 1/26 16,225 17,356 1,131 10,351 579,649 Jul. 1/26 16,225 17,389 1,164 9,187 580,813 Oct. 1/26 16,225 17,424 1,199 7,988 582,012 Jan. 1/27 16,225 17,460 1,235 6,753 583,247 Apr. 1/27 16,225 17,497 1,272 5,481 584,519 Jul. 1/27 16,225 17,536 1,311 4,170 585,830 Oct. 1/27 16,225 17,575 1,350 2,820 587,180 Jan. 1/28 16,225 17,615 1,390 Apr. 1/28 1,430 588,570 16,225 17,655 * 1,430 0 590,000 Totals $649,000 $ 683,094 $34,094 *Adjusted for rounding 2. Bond Issue B a. Were the bond B issued at a premium and/or discount? O Issued at discount O Issued at premium O Issued at premium & discount YouTube *Adjusted for rounding 2. Bond Issue B a. Were the bond B issued at a premium and/or discount? O Issued at discount O Issued at premium O 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 YouTube Credit View general journal Record entry Clear entry 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 YouTube 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 YouTube 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 YouTube View general journal Record entry Clear entry