QS 14-4 Issuance of bond at par, recording Interest payment and accrual LO3 On March 1, 2020, JenStar Hydroponics Inc. Issued at par an $80,000,6%, three-year bond. Interest is to be paid quarterly beginning May 31, 2020. JenStar's year-end is July 31. A partial payment schedule is shown below: Cash Carrying Perlod Ending Interest Pald Mat 1/20 $80,000 May 31/20. $ 1,200 80,000 Aug. 31/20 1,200 80,000 Value Aug. 31122 Nov. 30/22 Feb. 28/23 Total 1,200 1,200 1.200 $14,400 80,000 80,000 80,000 $80,000 x 6% X 3/12 a. Record the issuance of the bond on March 1, 2020. b. Record the payment of interest on May 31, 2020. c. Record the accrual of bond interest on July 31, 2020, JenStar's year-end, and the subsequent payment of interest on August 31, 2020