On June $1,2023,$ JetCom Inventors Inc. issued a $$520,00011\%,$ three$-$year bond. Interest is to be paid semiannually beginning December $1,2023.$

Required:

a$.$ Calculate the issue price of the bond assuming a market interest rate of $12\%.($Do not round intermediate calculations. Round the final answer to the nearest whole dollar.$)$

b$.$ Using the effective interest method, prepare an amortization schedule. $($Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.$)$

Part $1$

Prepare journal entries to the following. $($Do not round intermediate calculations. Round the final answers to the nearest whole dollar.$)$

a$.$ Issuance of the bonds on June $1,2023$

b$.$ Payment of interest on December $1,2023$

c$.$ Adjusting entry to accrue bond interest and discount amortization on January $31,2024$

d$.$ Payment of interest on June $1,2024$

Assume JetCom Inventors Inc. has a January $31$ year$-$end.

Part $2$

Show how the bonds will appear on the balance sheet under non$-$current liabilities at January $31,2025.($Do not round intermediate calculations. Round the final answers to the nearest whole dollar.$)$