Analyzing and Reporting Financial Statement Effects of Bond Transactions (FSET) a. Confirm the bond issue price. effects template. Use the effective interest rate method. - Note: Use negative signs with your answers, when appropriate. - Note: Select "N/A" as your answer if a part of the accounting equation is not affected. - Note: Round your answers to the nearest whole dollar. d. Prepare a table summarizing the effect of these bonds on earnings for the year. - Note: Do not use negative signs with any of your answers. Analyzing and Reporting Financial Statement Effects of Bond Transactions (FSET) a. Confirm the bond issue price. effects template. Use the effective interest rate method. - Note: Use negative signs with your answers, when appropriate. - Note: Select "N/A" as your answer if a part of the accounting equation is not affected. - Note: Round your answers to the nearest whole dollar. d. Prepare a table summarizing the effect of these bonds on earnings for the year. - Note: Do not use negative signs with any of your answers