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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

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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 Issue 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 positive values.) Cash interest Period Interest Paid Expense Premium Amort Un mortired Premium Carrying Value Period Ending Mar 1/20 Sept. 120 Mar 121 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 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, View transaction tist Journal entry worksheet

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