Extra Credit Bond Handout ROUND ALL ANSWERS TO THE NEAREST DOLLAR Lynch Corp. issued $600,000, 6 159, 7-year bonds dated July 1, 2018 at 92.07 to yield 8%. Interest dates are January 1 and July 1. (a) Prepare the entry to record the sale on 7/1/18: Cash 410 Dcet 41580 brp (b) Prepare the bond amortization table through 1/1/20 Dote Intrest Er velne 41s8o S$920 (950o 7/1 14500 1/1/20 12503 (c) Prepare the 12/31/18 year-end entry: (d) What is the effect on the financial statements if the 12/31/18 adjusting entry is omitted