o 015427 Required information (The following information applies to the questions displayed below) A company incurred the following transactions Income tax expense of $582 for the current period is accrued of the accrual $161 represents deferred to liabilities, b. Bonds payable with a face amount of S7300 ore Issued at a price of 97 c of the proceeds from the bonds in part b. $6,050 is used to purchase and for future expansion d. Because of warranty claims, finished goods inventory costing $132 is sent to customers to replace defective products e. A three-month 6% note payable with a face amount of 518,000 was signed. The bank made the foon on a discount basis The neat installment of a long term serial bond requiring an annual principal payment of 542,000 will become de within the current year 00 Required: -1. Show the effect, if any, of each transaction/adjustment on the appropriate balance sheet category or on net income by selecting for each category affected the account name and amount and indicating whether it is an addition (*) or subtraction ().Items that affect net income should not also be shown as affecting shareholders equity Transaction Adjustment Current Asuste Noncurrents Current Lab Noncurrent Liabilitas o 015427 Required information (The following information applies to the questions displayed below) A company incurred the following transactions Income tax expense of $582 for the current period is accrued of the accrual $161 represents deferred to liabilities, b. Bonds payable with a face amount of S7300 ore Issued at a price of 97 c of the proceeds from the bonds in part b. $6,050 is used to purchase and for future expansion d. Because of warranty claims, finished goods inventory costing $132 is sent to customers to replace defective products e. A three-month 6% note payable with a face amount of 518,000 was signed. The bank made the foon on a discount basis The neat installment of a long term serial bond requiring an annual principal payment of 542,000 will become de within the current year 00 Required: -1. Show the effect, if any, of each transaction/adjustment on the appropriate balance sheet category or on net income by selecting for each category affected the account name and amount and indicating whether it is an addition (*) or subtraction ().Items that affect net income should not also be shown as affecting shareholders equity Transaction Adjustment Current Asuste Noncurrents Current Lab Noncurrent Liabilitas