On March 1, 2017, Quinto Mining Inc. issued a $560,000, 6%, three-year bond. Interest is payable semiannually beginning September 1, 2017. Required: Part 1 a. Calculate the bond issue price assuming a market interest rate of 5% on the date of issue. (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) I issue price b. Using the effective interest method, prepare an amortzation schedule. (Do not round intermediate calculations. Round the final answers to nearest whole dollar. Enter all the amounts as positive values.) Period Cash Interest Period Interest Premium Unamortized Ending Mar. 117 Sept. 1117 Mar. 1/18 Pald Expense Amort. Premlum Carry ng Value Sept. 1/18 Mar. 1/19 Sept. 1119 Mar. 120 Totals c. Record the entries for the issuance of the bond on March 1, the adjusting entry to accrue bond interest and related amortization on April 30, 2017, Quinto's year-end, and the payment of interest on September 1, 2017. (Do not round intermediate calculations. Round the final answers to nearest whole dollar) View transaction list 1 Record the issuance of bond 2 Record accrual of interest on bond. 3 Record payment of interest. Credit Note:-journal entry has been entered Record entry Clear entry View general journal Part 2 a. Calculate the bond issue price assuming a market interest rate of 7.0% on the date of issue. (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Total ssue price b. Using the effective interest method, prepare an amortization schedule. (Do not round Intermediate calculations. Round the final answers to nearest whole dollar. Enter all the amounts as posltive values.) Period Ending Cash Interest Period InterestDiscount Unamortized Paid Amort. Discount Carrying Value Expense Mar. 117 Sept 117 Mar. 1/18 Sept 118 Mar. 1/19 Sept 119 Mar. 1/20 Totals c. Record the entries for the issuance of the bond on March 1; the adjusting entry to accrue bond interest and related amortization on April 30, 2017, Quinto's year-end; and the payment of interest on September 1, 2017 View transaction list 1 Record the issuance of bond 2 Record accrual of interest on bond. 3 Record payment of interest. Credit 5 heen entered d. Record the entries for the retirement of 30% of the bonds at 102, on September 1, 2017, after the interest payment. View transaction list Journal entry worksheet Record retirement of 30% of shares at 102. Note: Enter debits before credits. Date General Journal Debit Credit Sep 01, 2017 Record entry Clear entry View general journal