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On October 1, 2023, Best Blopharma Inc. issued an $840,000,10,0%, seven-year bond, Interest is to be paid annually each October 1. Assurne a November 30

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On October 1, 2023, Best Blopharma Inc. issued an $840,000,10,0%, seven-year bond, Interest is to be paid annually each October 1. Assurne a November 30 year-end, (Use IABL E 14A1 and IABLE14A2,) (Use oppropriote foctor(s) from the tobles providod.) o. Calculate the issue price of the bond assuming a market interest rate of 8.0%. (Do not round intermediate calculations. Round the Required: finol onswer to the nearest whole dollor.) b. Prepare an amotization schedule using the effective interest method. (Do not round intermediote colculations. Round the fine. answers to the nearest whole dollar. Enter oll the amounts as positive volues.) Part 1 Record the following entries: (Do not round intermediate calculations. Round the final ansiwers to the nearest whole do a. Issuance of the bonds on October 1,2023 b. Adjusting entry to accrue bond interest and premium amortization on November 30,2023 c. Payment of interest on October 1,2024 Journal entry worksheet Note: Enter oebits before credits. Part 2 Show how the bond will appear on the balance sheet under non-current llabilities at November 30, 2028. (Do not round interi calculations. Round the final answers to the nearest whole dollar.)

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