Problem 14-9A Bonds issued at a premium and discount (using business calculator PV function) LO4, 5, 6 excel CHECK FIGURES: 1a. = $615,986; 2a. = $592,200 On March 1, 2020, Quinto Mining Inc. issued a $600,000,8%, three year bond. Interest is payable semiannually beginning September 1, 2020. Required Part 1 a. Calculate the bond issue price assuming a market interest rate of 7% on the date of issue. b. Using the effective interest method, prepare an amortization schedule. c. Record the entries for the issuance of the bond on March 1, the adjusting entry to accrue bond interest and related amortization on April 30, 2020, Quinto's year-end, and the payment of interest on September 1, 2020. Part 2 a. Calculate the bond issue price assuming a market interest rate of 8.5% on the date of issue. b. Using the effective interest method, prepare an amortization schedule. c. Record the entries for the issuance of the bond on March 1; the adjusting entry to accrue bond interest and related amortization on April 30, 2020, Quinto's year-end; and the payment of interest on September 1, 2020. d. Record the entries for the retirement of 30% of the bonds at 102, on September 1, 2020, after the interest payment