On June $1,2023,$ JetCom Inventors Inc. Issued a $$540,000,12\%,$ three$-$year bond. Interest is to be pald semlannually beginning

December $1,2023.$

points

Required:

a$.$ Calculate the Issue price of the bond assuming a market Interest rate of $13\%.($Do not round intermediate calculations. Round the

final answer to the nearest whole dollar.$)$

Issue price of the bond

b$.$ Using the effectlve 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 positlve values.$)$

Part $1$

Prepare journal entrles to the following. $($Do not round intermedlate calculatlons. 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 Inventors Inc. has a January $31$ year$-$end.

Journal entry worksheet

Record issued bond at discount.

Note: Enter debits before credits.

Part $2$

Show how the bonds will appear on the balance sheet under non$-$current llabilitles at January $31,2025.($Do not round intermedlate

calculations. Round the final answers to the nearest whole dollar.$)$