On March 1, 2020, Quinto Mining Inc issued a $670.000, 6%, three-year bond. Interest is payable semiannually beginning September 1. 2020, 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) Total ISU PECH 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 positive values.) Period Ending Cash Interest Period Interest Pald Expense Premium Amort Unamortized Premium Carrying Value Mar 1/20 Sept 1/20 Mar 1/21 Sept 121 Mar 1/22 Sept 1/22 Mat 123 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, 2020, Quinto's year-end, and the payment of interest on September 1, 2020. (Do not round Intermediate calculations, Round the final answers to nearest whole dollar) View transaction list Journal entry worksheet 1 2 3 Record the issuance of bond. Note: Enter debts before credits Debit Credit Date General Journal Mar 01, 2020 Record entry Clear entry View general Journal Part 2 a. Calculate the bond issue price assuming a market interest rate of 70% on the date of issue. (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Total issue pnco 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 positive values.) Period Ending Cash Interest Period Interest Paid Expense Discount Amort Unamortized Discount Carrying Value Mar 1/20 Sept. 1/20 Mar 1/21 Sept 1/21 Mari 1/22 Sept 1/22 Mar 1/23 Totals c. Record the entries for the issuance of the bond on March the adjusting entry to accrue bond interest and related amortization on April 30, 2020, Quinto's year-end; and the payment of interest on September 1, 2020, View transaction list Journal entry worksheet