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Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1 of the current year, Shields Inc. issued $ 8 0 0 , 0
Analyzing and Reporting Financial Statement Effects of Bond Transactions
On January of the current year, Shields Inc. issued $ of year bonds for $ yielding a market yield rate of Semiannual interest is payable on June and December of each year.
a Show Excel inputs to confirm the bond issue price.
Note: Round your answer to two decimal places.
Note: For each account category, indicate the appropriate account name. Enter NA 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.
Note: Round your answers to the nearest whole dollar.
Please answer all parts of the question.
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