Analyzing and Reporting Financial Statement Effects of Bond Transactions On january 1, Trueman Corp. issued $340,000 of 20 -year, 11% bonds for $314,421, yielding a market (yeld) rate of 12% interest is payable semiarinually on june 30 and December 31 . a. Prepare the journal entries for transactions described above. - Note: Round your answers to the nearest whole dollar. b. Post the journal entries to their respective Traccounts - Note: Fnter your answers, in tramsacton order, in the first open field of the appropriate column in each account. c. On December 31, these bonds were listed in the bond markec ar a price of 101 (or 101 th of par value). Prepare the journal entry for the transaction to adjust the bonds to fair value