On June $1,2023,$ JetCom Inventors Inc. Issued a $$620,0007\%,$ three$-$year bond. Interest is to be paid semiannually beginning December $1,2023.$

Required:

a$.$ Calculate the issue price of the bond assuming a market interest rate of $8\%.($Do not round Intermedlate 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 Intermedlate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.$)$

$\backslash$table$[[\backslash$table$[[$Period$],[$Ending$],[$Interest Paid$]],\backslash$table$[[$Period Interest$],[$Expense$]],\backslash$table$[[$Discount$],[$Amort$.]],\backslash$table$[[$Unamortized$],[$Discount$]],\backslash$table$[[$Carrying$],[$Value$]],],[$June $\frac{1}{23},,,,,],[$Dec$.\frac{1}{23},,,,,],[$June $\frac{1}{24},,,,,],[$Dec$.\frac{1}{24},,,,,],[$June $\frac{1}{25},,,,,],[$Dec$.\frac{1}{25},,,,,],[$June $\frac{1}{26},,,,,],[$Totals$,,,,,]]$

Part $1$

Prepare Journal entrles to the following. $($Do not round Intermedlate calculatlons. Round the final answers to the nearest whole dollar.$)$