On June 1, 2023, JetCom Inventors Inc. Issued a $450,000 11%, three-year bond. Interest is to be paid semiannually beginning

December 1. 2023,

Required:

o. 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.)

Decentioer 1,2073 Requlred: b. Using the effective insesest method, prepore on amortzation schedule (Da oot raund intermediste calculations, Round the final answers to the neatest whole dolat, Enter all the amounts at powtlive values) Port 1 Prepare journal entres to the following (Do not round Intermedlate calculatlons. Round the final answers to the nearest whole doller) 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 amortzation on January 31,2024 d. Payment of tnterest on June 1,2024 Assume Jercom inventors inc has a January 31 year-end. journal entry worksheet 3 4