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On June 1,2023, JetCorn Inventors Inc issued a ( $ 470,0009 % ), three-year bond. Interest is to be paid semiannually beginning December 1,2023. Required:

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On June 1,2023, JetCorn Inventors Inc issued a \\( \\$ 470,0009 \\% \\), three-year bond. Interest is to be paid semiannually beginning December 1,2023. Required: 0. Calculate the issue price of the bond assuming a market interest rate of \10. Do not round intermediate calculotions, Round the final answer to the nearest whole dollor.) b. Using the effective interest method, prepare an amortization schedule. (Do not found intermediate colculotions. Round the final answers to the nearest whole dollar. Enter all the omounts os positive volues) Port 1 Prepare journal entries to the following. (Do not round intermediate colculations. Round the final answers to the nearest whole dollar.) Q. 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 3t year-end. Part 2 Show how the bonds will appear on the balance sheet under non-current llabilities at January 31,2025 (Do not round intermediate colculations. Round the finol answers to the nearest whole dollar.)

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