Required information

$[$The following information applies to the questions alisplayed below.$]$

On January $1,2024,$ Splash City issues $$380,000$ of $8\%$ bonds, due In $15$ years, with interest payable semlannually on

June $30$ and December $31$ each year.

Assuming the market Interest rate on the issue date is $9\%$ the bonds will issue at $$349,051.$

How will the bond issuance on January $1,2024,$ affect the financlal statements?

How will the first two semiannual interest payments on June $30,2024,$ and December $31,2024,$ affect the financlal statements?

Complete this question by entering your answers in the tabs below.

Req $3B$

How will the bond issuance on January $1,2024,$ affect the financial statements?

Note: Amounts to be deducted should be indicated by a minus sign.