BALANCE SHEET						INCOME STATEMENT
a.	TRANSACTION	CASH ASSET	NONCASH ASSETS	LIABILITIES	CONTRIB CAPITAL	EARNED CAPITAL		REVENUES	EXPENSES	NET INCOME
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Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1, Remington Corp. issued S500 000 of 15-year, 10% bonds payable for $586,460 yielding an effective interest rte of 8%. Interest is payable semiannually on June 30 and December 31. LO3, 4 E7-31. a. Show computations to confirm the issue price of $586.460 b. Indicate the financial statement effects using the template for (1) bond issuance, (2) semiannual interest payment and premium amortization on June 30 of the first year, and (3) semiannual interest payment and premium amortization on December 31 of the first year