Bond Premium; Bonds payable Transactions Beaufort Vaults Corporation produces and sells burial vaults. On July 1, 20Y3, Beaufort Vaults Corporation issued $25,000,000 of 10-year, 8% bonds at par. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.

Bond Premium; Bonds payable Transactions Beaufort Vaults Corporation produces and sells burial vaults. On July 1, 20Y3, Beaufort Vaults Corporation issued $25,000,000 of 10-year, 8% bonds at par. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Instructions 1. Illustrate the effects of the issuance of the bonds on July 2013 on the accounts and financial statements. no account or acti ty is affected selec o effect rom ear p 0 mist and eave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Balance Sheet Statement of Cash Assets Liabilities + Stockholders' Equity Flows July 1 Statement of Cash Flows Income Statement 2. Illustrate the effects of the first semiannual interest payment on December 31, 20Y3, on the accouns and financial statements. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts Balance Sheet Statement of Cash LiabilitiesS + Stockholders' Equity Assets Flows Dec. 31 Statement of Cash Flows Income Statement