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Hloo help me in these questions. these two questions from chapter 14 of financial accountingIMG-20200709-WA0007.jpg

IMG-20200709-WA0007.jpg
ng cost (a) in percentage terms and (b) in dollars?
QS 14-3 Bond terms and identifications LO2
Match the following terms and phrases by entering the letter of the phrase that best describes each term in the
blank next to the term.
Serial bonds
Debentures
Bond indenture
Secured bonds
Registered bonds
Bearer bonds
Convertible bonds
a. Issuer records the bondholders' names and addresses.
b. Unsecured; backed only by the issuer's general credit standing.
c. Varying maturity dates.
d. Identifies the rights and responsibilities of the issuer and bondholders.
e. Can be exchanged for shares of the issuer's common shares.
f. Unregistered; interest is paid to the person who possesses them.
g. Specific assets of the issuer are mortgaged as collateral.
QS 14-4 Issuance of bond at par, recording interest payment and accrual LO3
On March 1, 2020, JenStar Hydroponics Inc. issued at par an $80,000, 6%, three-year bond. Interest is to be paid
quarterly beginning May 31, 2020. JenStar's year-end is July 31. A partial payment schedule is shown below:
Cash
Carrying
Period Ending
Interest Paid*
Value
Mar. 1/20...
$80,000
May 31/20
$ 1,200
80,000
Aug. 31/20....
1,200
80,000
Aug. 31/22.
1,200
80,000
Nov. 30/22.
1,200
80,000
Feb. 28/23
1,200
80,000
Total ....
$14.400
*$80,000 x 6% x 3/12
a. Record the issuance of the bond on March 1, 2020.
b. Record the payment of interest on May 31, 2020.
c. Record the accrual of bond interest on July 31, 2020, JenStar's year-end, and the subsequent payment
of interest on August 31, 2020.
964

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