QUESTION 12 Bond Transactions On January 1, 20Y1, Harrison Heating and Cooling issued a 3-year bond with a 4% stated rate. The bond pays interest annually on December 31. The effective rate of interest on the date of sale was 6%. Harrison's bond interest amortization schedule is as follows: Cash Interest Discount Discount Amount Date Payment Expense Amortization Balance Owed Issuance (1/1/41) $4.277 $75.723 End of Year 1 $3.200 $4.543 $1.343 $2.933 $77.066 End of Year 2 $3.200 $4.624 $1.424 $1.509 $78.490 End of Year 3 $3.200 $4.709 $1.509 So $80,000 REQUIREMENT 1 Complete the following t-accounts related to the company's 20Y1 bond transactions. Enter dollar values with no dollar sign and appropriate commas leg 5,000). Every box in each t-account relates to a separate transaction and every be needs an answer If there is no dollar value for the box, put a 'o' in the space provided. If the t-account is not used, write "Blank" for the account title. ASSETS LIABILITIES EQUITY + Bonds Payable End of Year 3 $3.200 $4.709 $1.509 So $80,000 REQUIREMENT 1 Complete the following t-accounts related to the company's 20Y1 bond transactions. Enter dollar values with no dollar sign and appropriate commas leg. 5.000). Every box in each t-account relates to a separate transaction and every box needs an answer If there is no dollar value for the box put a 'o' in the space provided. If the t-account is not used write Blank for the account title. ASSETS LIABILITIES EQUITY Bonds Payable REQUIREMENT 2: What is the carrying value of the bond at December 31, 2012