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On October 1, 2020, Dejour Energy Inc issued a $700,000,11.5%, seven-year bond. Interest is to be paid annually each October 1. Dejour Energy Inc has

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On October 1, 2020, Dejour Energy Inc issued a $700,000,11.5%, seven-year bond. Interest is to be paid annually each October 1. Dejour Energy Inc has a November 30 year-end. (Use TABLE 14A1 and TABLE14A.2). Note: Use table values for PV calculations. (Use appropriate foctor(s) from the tables provided.) Required: a. Calculate the issue price of the bond assuming a market interest rate of 120% on the date of the bond issue (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) b. Using the effective interest method, prepare an amortization schedule (Do not round intermediate calculations. Round the final onswers to the neerest whole dollar. Enter all the omounts os positive values.) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts os positive values.) Port 1 Record the following entries: (Round your intermediate calculations and final answers to the nearest whole dollar.) a. Issuance of the bonds on October 1, 2020 b. Adjusting entry to accrue bond interest and discount amortization on November 30, 2020 c. Payment of interest on October 1, 2021 Journal entry worksheet Part 2 Show how the bond will appear on the balance sheet under non-current liabilities at November 30, 2024. (Do not round intermediat calculations. Round the final answers to the nearest whole dollar.)

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