Pretzelmania, Incorporated, issues 7%, 10-year bonds at face amount of $51,000 on January 1, 2024. Interest is paid semiannually on June 30 and December 31. Required: How will the issuance of the bonds on January 1 and the first interest payment on June 30, 2024, affect the financial statements? Complete this question by entering your answers in the tabs below. Jan 1 June 30 How will the issuance of the bonds on January 1 affect the financial statements? Note: Amounts to be deducted should be indicated by a minus sign. Assets Balance Sheet Liabilities Stockholders' Equity Retained Earnings Common Stock Jan 1 SAM Revenues June 30 > Income Statement Expenses

Pretzelmania, Incorporated, issues 7%,10-yeat bonds at face amount of $51,000 on January 1,2024 . Interest is paid semiannually on June 30 and December 31 . Required: How will the issuance of the bonds on January 1 and the first interest payment on June 30,2024 , affect the financial statements? Complete this question by entering your answers in the tabs below. How will the issuance of the bonds on January 1 affect the finandal statements? Notn: Amounts to be deducted should be indicated by a minus sign