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On June 1, 2020, JetCom Inventors Inc. Issued a $640,000 9%, three-year bond Interest is to be paid semiannually beginning December 1, 2020 Required: o.

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On June 1, 2020, JetCom Inventors Inc. Issued a $640,000 9%, three-year bond Interest is to be paid semiannually beginning December 1, 2020 Required: o. Calculate the issue price of the bond assuming a market interest rate of 10%. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) se price of the bond b. Using the effective interest method, prepare an amortization schedule. (Do not found intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts os positive values.) Period Ending Cash Period interest Interest Paid Expense Discount Amort Unamortized Discount Carrying Value Juno 1.20 Dec, 120 June 121 Doc. 121 June 1/22 Dec 1122 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, 2020 b. Payment of interest on December 1, 2020 c. Adjusting entry to accrue bond interest and discount amortization on January 31, 2021 d. Payment of interest on June 1, 2021 Assume JetCom inventors Inc. has a January 31 year-end. View transaction lit Journal entry worksheet 4 Record in bond at discount Note: Entes debits before credits Date June 01, 2020 General Journal Debit Credit Part 2 Show how the bonds will appear on the balance sheet under non-current liabilities at January 31, 2022. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Balance Sheet (Partiat) Non-current liabiti

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