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Record the effects of following transactions using the financial statement effects template. Entry the correct amount into the appropriate account category or parentheses. Indicate a

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Record the effects of following transactions using the financial statement effects template. Entry the correct amount into the appropriate account category or parentheses. Indicate a decrease in an account category by including a negative sign with the amount 1. Lundholm, Inc., reports financial statements each December 31 and issues $400,000, 12%, 15-year bonds dated May 1, 2012, with interest payments on October 31 and April 30. Assuming the bonds are sold at par on May 1, 2012, complete the financial statement effects template to reflect the following events: (a) bond issuance on May 1, 2012, (b) the first semiannual interest payment on October 31, 2012 (e) retirement of S300,000 of the bonds at 102 on November 1, 2012. 2. On December 31, 2016, ABC accrued $3,000 unpaid employee wages earned at period-end. 3. In 2016, ABC sold 100,000 units of product that carries a 60-day warranty) and it estimated 2% units sold require repair at an average cost of $50 per unit. On Dec 31, 2016 ABC accrued expected warranty costs on products sold during the year. Balance Sheet Income Sulement kash Asset Noncash Asset Kontributed Liabilities Capital Retained Femings (Or Eamed Capital Net Revenind 16 ub Transactions 4-8 do not affect income statement items. Therefore, I only provide the balance sheet part of the template here. 4. On Jan. 5 XYZ Co. issued 10,000 shares of S5 par value common stock for $25 cash per share. 5. On Feb. 18 XYZ Co. repurchased 4,000 shares of common stock previously issued at $21 cash per share. 6. On Mar. 12 XYZ Co. resold 1,000 treasury shares acquired on January 18 for S23 cash per share 7. On July 5, ABC declared and paid common dividend of $2 per share to 800,000 outstanding shares on record, 8. On Oct 1, ABC execute a 2-for-1 stock split of the common stock (If you think there is no financial effect, leave it blank). Balance Sheet Noncash Retained in HA Liabilities Contributed Capital Horare Capital Cash Asset stock > Additional paid.in capital CS Treasury stock

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