Pretzelmania, Incorporated, issues 7%, 10-year bonds at face amount of $57,000 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.

Include Balance Sheet and Income Statement for both January 1 and June 30

Pretzeimania Incorporated, issues Th, 10-year bonds at foce amount of $57000 on January 1.2024 interest is paid semunnualy on June 30 and December 31 Aequired: How wil the issuance of the bonds on January t and the first interest, pryment on hune 30,2024 , affect the financial statements? Conglete this quevtion by entering yeur answers in the tabs below. Hew wil the issuance of the bends an January 1 aflect the financial stataments