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On October 1, 2023, Ross Wind Energy Inc, issued a $1,620,000.75%, seven-year bond. Interest is to be paid annually each October 1 . Assume a

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On October 1, 2023, Ross Wind Energy Inc, issued a $1,620,000.75%, seven-year bond. Interest is to be paid annually each October 1 . Assume a November 30 year-end. Required: 0. Calculate the issue price of the bond assuming a market interest rate of 6% on the date of the bond issue. (Do not round intermediate colculations. Round the final answer to the nearest whole dollar.) b. Using the effective interest method, prepare an amortizotion schedule. (Do not round intermediate colculations. Round the finol answers to the nearest whole dollar. Enter all the amounts as positive values.) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations, Round the final onswers to the nearest whole dollar. Enter all the amounts as positive values.) Part 1 Record the following entries: (Round the final answers to the nearest whole dollar.) 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 debits before credits. Part 2 Show how the bond will appear on the balance sheet under non-current liabilities at November 30, 2024. (Do not round intermediote calculations. Round the final answers to the nearest whole dollar.)

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