Port $2$

a$.$ Calculate the bond issue price assuming a market interest rate of $8\mathrm{.}5\%$ on the date of issue. $($Do not round Intermedlete

calculetions. Round the flnal answer to nearest whole dollar.$)$

b$.$ Using the effective interest method, prepare an amortization schedule. $($Do not round Intermedlete calculetlons. Round the flnel

answers to nearest whole dollar. Enter all the omounts 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 Intermedlete colculatlons.

Round the flnal onswers to neorest whole dollor. Enter oll the omounts as positlve values.$)$

Journal entry worksheet

Record the issuance of bond.

Note: Enter debits before credits.

d$.$ Record the entries for the retirement of $30\%$ of the bonds at $102,$ on September $1,2023,$ after the interest payment. $($Do not round

Intermedlate colculatlons. Round the flnal answers to neorest whole dollor. Enter all the amounts as positive values.$)$

Journal entry worksheet