On June 1, 2023, JetCom Inventors Inc. Issued a $440,000 12%, 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 13%. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Issue price of the bond S 429,348 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.) Period Ending Cash Interest Paid Period Interest Discount Expense Amort. Unamortized Discount Carrying Value June 1/23 $ 429,348 Dec. 1/23 26,400 27,908 1,508 430,856 June 1/24 26,400 28,006 1,606 432,461 Dec. 1/24 26,400 28.110 1,710 434.171 June 1/25 26,400 28,221 1,821 435,992 Dec. 1/25 26,400 28,340 1,940 440,000 June 1/26 Totals 26,400 28,468 2,068 (2.068) 442,068 $ 158,400 S 169,053 $ 10,653 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. View transaction list Journal entry worksheet 1 2 3 4 Record issued bond at discount. Notes Enter debits before credits. Date June 01, 2023 General Journal Debit Credit Record entry Clear entry View general journal > 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.) Balance Sheet (Partial) Non-current abilities: