Saved Help On June 1, 2020, JetCom Inventors Inc. issued a $620,000 7%, three-year bond. Interest is to be paid semiannually beginning December 1, 2020. Required: a. Calculate the issue price of the bond assuming a market interest rate of 8%. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Issue price of the bond b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Period Ending Cash Interest Paid Period Interest Expense Discount Amort. Unamortized Discount Carrying Value June 1/20 Dec 1/20 June 121 Dec 1/21 June 1/22 Dec 1/22 Part 1 Prepare journal entries to the following. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) a. Issuance of the bonds on June 1, 2020 b. Payment of interest on December 1, 2020 c. Adjusting entry to accrue bond interest and discount amortization on January 31, 2021 d. Payment of interest on June 1, 2021 Assume JetCom Inventors Inc. has a January 31 year-end. View transaction list Journal entry worksheet 2 3 4 Record issued bond at discount. Note: Enter debits before credits General Journal Debit Credit Date June 01 2020 Note: Enter debits before credits. General Journal Debit Credit Date December 01, 2020 Record entry Clear entry View general journal Part 2 Show how the bonds will annear on the bal heet under non-current liabilities at January 31 2022. (Do ne to search Note: Enter debits before credits. General Journal Debit Credit Date January 31, 2021 Record entry Clear entry View general journal Part 2 Show how the bonds will annear on the balance sheet under non-current liabilities at January 31, 2022. IDor to search o Eta N Note: Enter debits before credits. General Journal Debit Credit Date June 01, 2021 Record entry Clear entry View general journal Part 2 Show how the bonds will appear on the balance sheet under non-current liabilities at January 31 2022 (Don ere to search O NO