On March 1, 2023, Quinto Mining Inc. issued a $700,000, 9%, three-year bond. Interest is payable semiannually beginning September 1, 2023. Required: Part 1 a. Calculate the bond issue price assuming a market interest rate of 8% on the date of issue. (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Total issue price $ 718,351 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 Premium Expense Amort. Unamortized Premium Carrying Value Mar. 1/23 $ 18,123 $ 718,351 Sept. 1/23 31,500 28,734 2,766 15,348 715,585 Mar. 1/24 31,500 28,623 2,877 12,462 712,709 Sept. 1/24 31,500 28,508 2,992 9,460 709,717 Mar. 1/25 31,500 28,389 3,111 6,338 706,606 Sept. 1/25 31,500 28,264 3,236 3,092 703,370 Mar. 1/26 31,500 28,135 3,365 (273) 700,005 Totals $ 189,000 $ 170,653 $ 18,347 Part 2 a. Calculate the bond issue price assuming a market interest rate of 10.0% on the date of issue. (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Total issue price $ 718,351 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. 1/23 Sept. 1/23 31,500 Mar. 1/24 31,500 Sept. 1/24 31,500 Mar. 1/25 31,500 Sept. 1/25 31,500 Mar. 1/26 31,500 Totals $ 189,000 $ 0 $ 0 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, 2023, Quinto's year-end; and the payment of interest on September 1, 2023. (Do not round intermediate calculations. Round the final answers to nearest whole dollar. Enter all the amounts as positive values.) View transaction list Journal entry worksheet 1 2 3 Record the issuance of bond. Note: Enter debits before credits. Date Mar 01, 2023 General Journal Debit Credit Record entry Clear entry View general journal d. Record the entries for the retirement of 30% of the bonds at 102, on September 1, 2023, after the interest payment. (Do not round intermediate calculations. Round the final answers to nearest whole dollar. Enter all the amounts as positive values.) View transaction list Journal entry worksheet 1 Record retirement of 30% of shares at 102. Note: Enter debits before credits. Date Sep 01, 2023 General Journal Debit Credit Record entry Clear entry View general journal