On March $1,2023,$ Quinto Mining Inc. Issued a $$600,000,8\%,$ three$-$year bond. Interest Is payable semlannually beginnIng September

$1,2023.$

points

Required:

Part $1$

a$.$ Calculate the bond Issue price assuming a market Interest rate of $7\%$ on the date of issue. $($Do not round Intermedlate calculatlons.

Round the final answer to nearest whole dollar.$)$

Total issue price

b$.$ Using the effectlve Interest method, prepare an amortization schedule. $($Do not round Intermedlate calculatlons. Round the final

answers to nearest whole dollar. Enter all the amounts as positive values.$)$

c$.$ Record the entrles for the Issuance of the bond on March $1,$ the adjusting entry to accrue bond Interest and related amortization on

Aprll $30,2023,$ Quinto's year$-$end, and the payment of Interest on September $1,2023.($Do not round Intermedlate calculatlons.

Round the final answers to nearest whole dollar.$)$

Journal entry worksheet

Record the issuance of bond.

Note: Enter debits before credits.