On January 1, 2019, Shields, Inc issued $800,000 of 9%, 20 year bonds for $879,172, yielding a market (yield) rate of 8%. Semiannual interest is payable on June 30 and December 31 of each year.

a. show computations to confirm the bond issue price

b. prepare journal entries to record the bond issuance, semiannual interest payment and premium amortixation on June 30,2019, and semiannual interest payment and premium amortixation on December 31, 2019. Use the effective interest rate method. Round answers to the neatest whole number.

c. Poat the journal emtries from part b to their respectice t accounts

d. record each of the transitions from part b in the financial statement effects template

1 Reporting Financial Statement Effects of Bond Transactions On January 1 2019, She, Inc. 100.000 20 year bands for 57172. yedinguette of Seninterest is benne 30 and December 31 fach year Show computations to confirm the bond price