4. b. Complete the financial statement effects template for (1) bond issuance, (2) semiannual interest payment and premium amortization on June 30, and (3) semiannual interest payment and premium amortization on December 31. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount.

	Balance Sheet									Income Statement
	Cash		Noncash				Contrib.		Earned					Net
Transaction	Asset	+	Assets	=	Liabilities	+	Capital	+	Capital	Revenues	-	Expenses	=	Income
(1) Jan. 1 Issuance.	Answer		0		240,000		0		Answer	Answer		Answer		Answer
	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A		N/A	=	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A		N/A		Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A	-	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A	=
					Answer
					Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A
(2) June 30 Interest and amortization.	Answer		0		Answer		0		Answer	Answer		Answer		Answer
	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A		N/A	=	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A		N/A		Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A	-	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A	=
(3) Dec. 31 Interest and amortization.	Answer		0		Answer		0		Answer	Answer		Answer		Answer
	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A		N/A	=	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A		N/A		Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A	-	Answer Bonds discount Bonds payable Bonds premium Cash Interest expense Interest payable Retained earnings N/A	=