ng cost (a) in percentage terms and (b) in dollars?QS 14-3 Bond terms and identifications LO2Match the following terms and phrases by entering the letter of the phrase that best describes each term in theblank next to the term.Serial bondsDebenturesBond indentureSecured bondsRegistered bondsBearer bondsConvertible bondsa. 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 LO3On March 1, 2020, JenStar Hydroponics Inc. issued at par an $80,000, 6%, three-year bond. Interest is to be paidquarterly beginning May 31, 2020. JenStar’s year-end is July 31. A partial payment schedule is shown below:CashCarryingPeriod EndingInterest Paid*ValueMar. 1/20…$80,000May 31/20$ 1,20080,000Aug. 31/20….1,20080,000Aug. 31/22.1,20080,000Nov. 30/22.1,20080,000Feb. 28/231,20080,000Total ….$14.400*$80,000 x 6% x 3/12a. 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 paymentof interest on August 31, 2020.964


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