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Please fill out every blue box in an organized way, thank you! Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1 of

Please fill out every blue box in an organized way, thank you!

image text in transcribed Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1 of the current year, Trueman Corporation issued $400,000 of 20 -year, 11% bonds for $369,908, yielding a market (yield) rate of 12%. Interest is payable semiannually on June 30 and December 31 . (a) Confirm the bond issue price. Round your answers to the nearest whole number. (b) Indicate the financial statement effects using the template for (1) bond issuance, (2) semiannual interest payment and discount amortization on June 30 , and (3) semiannual interest payment and discount amortization on December 31 of the current year. Round answers to nearest whole number. Use negative signs with answers, when appropriate. Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1 of the current year, Trueman Corporation issued $400,000 of 20 -year, 11% bonds for $369,908, yielding a market (yield) rate of 12%. Interest is payable semiannually on June 30 and December 31 . (a) Confirm the bond issue price. Round your answers to the nearest whole number. (b) Indicate the financial statement effects using the template for (1) bond issuance, (2) semiannual interest payment and discount amortization on June 30 , and (3) semiannual interest payment and discount amortization on December 31 of the current year. Round answers to nearest whole number. Use negative signs with answers, when appropriate

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