Cyber Tech Inc. produces and distributes fiber optic cable for use by telecommunications companies. Cyber Tech Inc. issued $75,750,000 of 25-year, 8% bonds on March 1 at their face amount, with Interest payable on March 1 and September 1. The fiscal year of the company is the calendar year.

Illustrate the effects on the accounts and financial statements of recording the following selected transactions for the current year. 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. Round your answers to the nearest dollar.

Mar. 1. Issued the bonds for cash at their face amount.

Financial Statement Effects

		Balance Sheet
	Assets	=	Liabilities	+	Stockholders' Equity
Bonds payableCashNo effect	=	Bonds payableInterest payableNo effect	+	Capital stockRetained earningsNo effect
Mar. 1.	fill in the blank 4		fill in the blank 5		fill in the blank 6
Statement of Cash Flows		Income Statement
FinancingInvestingOperatingNo effect	fill in the blank 8		Interest expenseNet incomeSalesNo effect	fill in the blank 10

Sept. 1. Paid the interest on the bonds.

Financial Statement Effects

		Balance Sheet
	Assets	=	Liabilities	+	Stockholders' Equity
Accounts payableCashNo effect	=	Bonds payableInterest payableNo effect	+	Capital stockRetained earningsNo effect
Sept. 1.	fill in the blank 14		fill in the blank 15		fill in the blank 16
Statement of Cash Flows		Income Statement
FinancingInvestingOperatingNo effect	fill in the blank 18		Interest expenseSales discountsSalesNo effect	fill in the blank 20

Dec. 31. Recorded accrued interest for four months.

Financial Statement Effects

		Balance Sheet
	Assets	=	Liabilities	+	Stockholders' Equity
CashInterest payableNo effect	=	Bonds payableInterest payableNo effect	+	Capital stockRetained earningsNo effect
Dec. 31.	fill in the blank 24		fill in the blank 25		fill in the blank 26
Statement of Cash Flows		Income Statement
FinancingInvestingOperatingNo effect	fill in the blank 28		Interest expenseSales discountsSalesNo effect	fill in the blank 30