on January, jetnew corp. issued $300,000 0f 8%, 5 year bonds with annual interest payments on January 1. the bonds were issued when the market rate was 9% and thus jitney received $288,331 for this bond.

a) prepare the amortization table (2%)

prepare entries for the following transactions:

b) prepare the journal entry to record the issuance of this bond on January 1,2020. 2%

c) payment of interest and amortization of discount or premium on December 31,2020 (2%)

d) explain the advantages and disadvantages of financing with debt versus equity (2%).

e) show how this bond would appear on the balance sheet on January 1,2020 (2%)