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On March 1, 2023, Quinto Mining Inc issued o $570,000,12%, three-year bond. Interest is poyable semiannually beginning September 1. 2023 Required: Part 1 a. Calculote

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On March 1, 2023, Quinto Mining Inc issued o $570,000,12%, three-year bond. Interest is poyable semiannually beginning September 1. 2023 Required: Part 1 a. Calculote the bond issue price assuming a market interest rate of 118 on the dote of issue. (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) b. Using the effective interest method, prepare an omortization schedule. (Do not round intermediate calculations. Round the final answers to nearest whole dollar. Enter oll the amounts as positive values.) 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.) Journal entry worksheet Part 2 a. Calculate the bond issue price assuming a market interest rate of 13.0% 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 calculations. Round the final answers to nearest whole dollor. Enter all the amounts as positive values.) 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 omounts as positive values.) Journal entry worksheet 3 d. Record the entries for the retirement of 30% of the bonds' at 102 , on September 1,2023, after the interest poyment. (Do not round intermediate calculations. Round the final answers to nearest whole dollar. Enter all the amounts as positive values.)

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