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please answer all boxes :) Mahalo Boat Adventure inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues:
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Mahalo Boat Adventure inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond issue A "Adjusted for rounding (For all requirements, do not round intermediate calculations. Round the finol answers to the neorest whole dollor.) Required: 1. Bond Issue A (For all requirements, do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Required: 1. Bond Issue A a. Were the bond A issued at a premium and/or discount? Issued at discount issued at premium Issued at premium \& discount b. Journalize the issuance of bond A on June 1,2023 . Journal entry worksheet Record the sale of bonds at a premium on the original issue date. Note: Enter debits before credits. c. What is the contract interest rate for the issue bond A ? d. Interest of how much is paid how often for bond A issued? e. What is the term of bond A issue? f. Show how bond A would appear on the balance sheet under non-current liabilities at July 31, 2029. (Enter all amounts os positive values.) 9. Calculate the total bond A interest expense that would appear on the income statement for the year ended July 31,2030 . h. Independent of (a) through (g), assume bond A issues were retired on December 1,2030 , at 97 . Record the eritries Journal entry worksheet Note: Enter debits before credits. h. Independent of (a) through (g), assume bond A issues were retired on December 1,2030 , at 97 Record the entries Journal entry worksheet Note: Enter debits before credits. Bond Issue B "Adjusted for rounding 2. Bond Issue B a. Were the bond B issued at a premium and/or discount? 2. Bond Issue B a. Were the bond B issued at a premium and/or discount? Issued at discount Issued at premium Issued at premium \& discount b. Journalize the issuance of bond B on April 1, 2021 . Journal encry worksneec Note: Enter debits before credits. c. What is the contract interest rate for the issue bond B ? d. Interest of how much is paid how often for bond B issued? e. What is the term of bond B issue? f. Show how bond B would appear on the balance sheet under non-current liabilities at July 31. 2029. g. Calculate the bond B interest expense that would appear on the income statement for the year ended July 31,2030. h. Independent of (a) through (g), assume that bond B issues was retired on December 1,2030 , at 97 . Record the entries. Journal entry worksheet h. Independent of (a) through (g), assume that bond B issues was retired on December 1,2030 , at 97 . Record the entries Journal entry worksheet Step by Step Solution
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