Reporting Financial Statement Effects of Bond Transactions On January 1, 2016, McKeown, Inc., sued $250,000 of 8% 9-year bonds for $220776, vieldin market(yield) rate of 10%. Semiannual interest is payable on June 30 and December 31 of each a. Show computations to confirm the bond issue price. b. Prepare journal entries to record the bond issuance, semiannual interest payment elding a 31 of each year E9-45. and discount amortization on June 30,2016, and semiannual interest payment and discount amortization co December 31, 2016. Use the effective interest rate. c. Post the journal entries from part b to their respective T-accounts. d. Record each of the transactions from part b in the financial statement effects template