Listed as follows are eight events or transactions of Lone Star Corporation. a. Made an adjusting entry to record interest on a short-term note payable. b. Made a monthly installment payment of a fully amortizing, six-month, interest- bearing installment note payable. c. Recorded a regular biweekly payroll, including the amounts withheld from employees, the issuance of paychecks, and payroll taxes on the employer. d. Came within 12 months of the maturity date of a note payable originally issued for a period of 24 months. e.Deposited employee tax withholdings with proper tax authorities. f. Issued long-term bonds payable at face value. g. Recognized semiannual interest expense on bonds payable described in part fand paid bondholders the full interest amount. h. Recorded the necessary adjusting entry on December 31 of the current year to accrue three months' interest on bonds payable that had been issued at a discount several years prior. The next semiannual interest amount. h. Recorded the necessary adjusting entry on December 31 of the current year to accrue three months' interest on bonds payable that had been issued at a discount several years prior. The next semiannual interest payment will occur March 31 of the following year. Indicate the effects of each of these transactions on the following financial statement categories. Organize your answer in tabular form, using the illustrated column headings. Use the following code letters to indicate the effects of each transaction on the accounting element listed in the column heading: I for increase, D for decrease, and NE for no effect. Transaction Revenue - Expenses = Net Income Assets = Current Liab. + Long-Term Liab. + Equity Part 2 On March 31, 2021, Gardner Corporation received authorization to issue $50,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated March 31, 2021, but the bonds were not issued until April 30, 2021. They were issued at face value. a.Prepare the journal entry at April 30, 2021, to record the sale of the bonds. b. Prepare the journal entry at September 30. 2021, to record the semiannual bond interest payment. C.Prepare the adjusting entry at December 31. 2021. to record bond interest expense accrued since September 30, 2021. (Assume that no monthly adjusting entries to accrue interest expense had been made prior to December 31, 2021.) d. Explain why the issuing corporation charged its bond investors for interest accrued in April 2021, prior to the issuance date (see part b)