On January 1, 2018, a company issued a 4-year $700,000 bond with a stated rate of 4% and market rate of 3% on date of issuance. Interest is paid semi-annually on 6/30 and 12/31. The issue price was $726,200.

Assume the company issues financial statements after all transactions are recorded on June 30th. After all the bond transactions are recorded for January 1, 2018 and June 30, 2018, what are the net impacts to the balance sheet from these bond transactions?

Assets:

Liabilities:

Stockholders Equity: