On June $1,2024,$ MHB bought back $$2,740,000$ worth of bonds for $$2,640,000$ plus accrued interest.

Using $1$ a financial calculator, or $2$ Excel function PV$,$ calculate the is sue price of the bonds and prepare the entry for the issuance

of the bonds. Hint Use the account Interest Expense in your entry$].($Round answer to $0$ decimal places, eg$.5\mathrm{.}275.$ Credit account

tities are automatically indented when the amount is entered. Do not inden's manually. If no entry is required, select $"$No Entry" for the

account titles and enter $0$ for the amounts. List all debit entries before credit entries.

Using $1$ a financial calculator, or $2.$ Excel function PV$,$ calculate the carrying amount of the bond on September $1,2023.$ Use the

change in the carrying amount as the amount of amortization of the discount to be recorded in the entry for the first payment.

$($Round answer to $0$ decimal places, e$...5\mathrm{.}275.)$

Carrying amount of the bond $

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Prepare the journal entry for the scheduled interest payment on September $1,2023.($Round answer to $0$ decimal places eg$.5,275.$

Credit occount titles are outomatically indented when the amount is entered. Do not indent manuallk. If no entry is required, select $"$No

Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries.$)$

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Prepare arry year$-$end entry required at February $28,2024.($Round answer to $0$ decimal places, es$.5,275.$ Credit account tities are

outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the occount titles

and enter $0$ for the amounts. List afl debit entries before credit entries.$)$

Prepare the journal entry for the accrued interest on the portion of the bonds redeemed. $($Round onswer to $0$ decimol ploces, eg$.$

$5,275.$ Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select

$"$No Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries.$)$

Prepare the entry required for the redemption of face value $$2,740,000$ of the bonds on June $1,2024.($Round answer to $0$ decimal

places eq$.5\mathrm{.}275.$ Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is

places, eg$.5,275.$ Credit account titles are automatically indented when the amount is entered. Do not indent man required, select $"No$ Entry" for the account titles and enter O for the amounts. List debit entry before crealit entry$)]$