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On March 1, 2020, Quinto Mining Inc. issued a $540,000, 8%, three-year bond. Interest is payable semiannually beginning September 1.2020 Required: Part 1 o. Calculate
On March 1, 2020, Quinto Mining Inc. issued a $540,000, 8%, three-year bond. Interest is payable semiannually beginning September 1.2020 Required: Part 1 o. Calculate the bond issue price assuming a market interest rate of 7% on the date of issue. (Do not round Intermediate calculations. Round the final answer to nearest whole dollar) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate colculations. Round the final answers to nearest whole dollar. Enter all the amounts os positive values.) Period Ending Cash Interest Period interest Paid Expense Premium Amort Unamortized Premium Carrying Value Mar 1/20 Sept 1/20 Mar 1/21 (Sept 1/21 Mat 1/22 Segt 1.22 Mar 1/23 0
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