need help with these two questions, thanks
Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue A (A) Cash Interest Paid $750,000 x 6.0% X 6/12 Period Interest Expense (E) X 5.0% 6/12 (C) Amort. (A) - (B) (E) Carrying Value $750,000 + (D) $ 803, 825 801,421 (D) Unamortized Balance $53,825 51,421 Period Ending June 1/20 Dec. 1/20 $ 22,500 $ 20,096 $ 2,404 Dec. 1/26 June 1/27 Dec. 1/27 June 1/28 Dec. 1/28 June 1/29 Totals 22,500 22,500 22,500 22,500 22,500 22,500 $ 405,000 19,266 19,186 19,103 19,018 18,931 18,839 $ 351, 175 3,234 3,314 3,397 3,482 3,569 3,661 $53,825 17,423 14,109 10,712 7,230 3,661 0 767,423 764,109 760,712 757,230 753,661 750,000 *Adjusted for rounding (For all requirements, do not round intermediate calculations. Round the final answers to the nearest whole dollar.) 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.) Answer is not complete. Balance Sheet (Partial) Non-current liabilities Bonds payable, 11.0%, due June 1, 2029 $ 750,000 Add: Premium on bonds payable $ 750,000 g. Calculate the total bond A interest expense that would appear on the income statement for the year ended July 31, 2027. Answer is complete but not entirely correct. Total bond interest $ 256,095 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 Record the retired bonds. Credit Note: Enter debits before credits. Date General Journal December 01, 2027 Bonds payable Premium on bonds payable Gain on retirement of bonds Cash Debit 750,000 727,500 Record entry Clear entry View general journal Bond Issue B (B) (A) Period Cash Interest Interest Paid Expense $610,000.0 x (E) X 6.5% X 6.0% X 3/12 3/12 (C) Amort. (A) - (8) (E) Carrying Value $610,000 - (D) $ 587,701 588,101 (D) Unamortized Balance $22,299 21,899 Period Ending Apr. 1/18 Jul. 1/18 $ 9,150 $ 9,550 $ Apr. 1/26 Jul. 1/26 Oct. 1/26 Jan. 1/27 Apr. 1/27 Jul. 1/27 Oct. 1/27 Jan. 1/28 Apr. 1/28 Totals 9,150 9,150 9,150 9,150 9,150 9,150 9,150 9,150 9,150 $ 366,000 9,810 9,820 9,831 9,842 9,853 9,865 9,876 9,888 9,902 $ 388,299 400 : 660 670 681 692 703 715 726 738 752 5,677 5,007 4,326 3,634 2,931 2,216 1,490 752 604,323 604,993 605,674 606, 366 607,069 607,784 608,510 609,248 610,000 $22,299 *Adjusted for rounding f. Show how bond B would appear on the balance sheet under non-current liabilities at July 31, 2026. Answer is not complete. Balance Sheet (Partial) Non-current liablities Bonds payable. 6.5%, due April 1, 2028 $ 610,000 Less: Discount on bonds payable 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. Credit Date General Journal December 01, 2027 Bond interest expense Cash Debit 9,150 9,150 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 Record the retired bonds. Note: Enter debits before credits. General Journal Debit Credit Date December 01, 2027 Record entry Clear entry View general journal
