On January 1, Remington Corp. issued $500,000 of 15-year, 10% bonds payable for $586,460, yielding an effective interest rate of 8%. Interest is payable semiannually on June 30 and December 31.

1. Indicate the financial statement effects using the template for (1) bond issuance, (2) semiannual interest payment and premium amortization on June 30 of the first year, and (3) semiannual interest payment and premium amortization on December 31 of the first year.

Required (2) Indicate the financial statement effects using the template for (1) bond issuance, (2) Balance Sheet Noncash Assets Transaction Cash Asset (+) (6) Liabilities (+) Income Statement Expenses (5) Contributed Capital (+) Earned Capital Revenues (-) Net Income (+) (+) (+) (+) (+) (+) - + (+) (+) (+)