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this is long question but please complete all question Mahalo Boat Adventure inc: has a July 31 year-end. It showed the following partial amontization schedules
this is long question but please complete all question
Mahalo Boat Adventure inc: has a July 31 year-end. It showed the following partial amontization schedules regarding two bond isajes Bond issue A Adjusted for rounding (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? 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. 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 as positive volues.) 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 (9). assume band A issues were retired on December t, 2030, at 97 Record the entries Journal entry worksheet 2 fiecord the payment of interest on bonds. Bond issue B "Adjusted for rounding 2. Bond issue B a. Were the bond B issued at a premium and/or discount? Issued at discount Issued at premium a. Were the bond B issued at a premium andior discount? Issued at discount Issued at premium Issued at premium & discount b. Journalize the issuance of bond B on April 1, 2021 . 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. Caiculate the bond B interest expense that would appear on the income statement for the yeat ended July 31,2030 . h. Independent of (a) through ( 9 ), assume that bond 8 issues was retired on December 1,2030 , at 97 Record the entries Step by Step Solution
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