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this is all together please done all the questions On June 1. 2023. JetCom Inventors Inc. Issued a $500,0006%, three-year bond Interest is to be
this is all together please done all the questions
On June 1. 2023. JetCom Inventors Inc. Issued a $500,0006%, three-year bond Interest is to be pard semiannualiy begininig December 1,2023 Required: a. Calculate the issue price of the bond assuming a market interest rate of 7% (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) 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 volues.) D. Using the effective interest method, prepare an amortization schedule (Do not round intermediate calculations. Round the final onswers to the nearest whole doliar. Enter all the amounts as positive values.) Port 1 Prepare journal entries to the following (Do not round intermediate colculotions. Round the finol answers to the nearest whole dollar.) 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, 2023 b. Payment of interest on December 1,2023 c. Adjusting entry to accrue bond interest and discount amortization on January 31, 2024 d. Payment of interest on June 1, 2024 Assume JetCom inventorsinc has a January 31 year-end Part 2 Show how the bonds wili appear on the bance sheet under non-current liabilities at January 31, 2025. (Do not round intermediate calculotions. Round the final answers to the nearest whole dollat.) Step by Step Solution
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