Analyzing and Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., reports financial statements each December 31 and issues $500,000, 11%, 15-year bonds dated May 1, with interest payments on October 31 and April 30. Assuming the bonds are sold at par on May 1, complete the financial statement effects template to reflect the following events: (a) bond issuance, (b) the first semiannual interest payment, and (c) retirement of $300,000 of the bonds at 102 on November 1. Use negative signs with your answers, when appropriate. Balance Sheet Noncash Contributed Earned Transaction Cash Asset Assets Liabilities Capital Capital Revenue 500,000 0 500,000 (27,500) (27,500) 330,000 X 300,000 X (3.000) X 0 0 0 (b) (c) 0 0 0 0 1 Check Analyzing and Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., reports financial statements each December 31 and issues $500,000, 11%, 15-year bonds dated May 1, with interest payments on October 31 and April 30. Assuming the bonds are sold at par on May 1, complete the financial statement effects template to reflect the following events: (a) bond issuance. (b) the first semiannual interest payment, and (c) retirement of $300,000 of the bonds at 102 on November 1. Use negative signs with your answers, when appropriate. Balance Sheet Noncash Contributed Earned Transaction Cash Asset Assets Liabilities Capital Capital Revenue 500,000 500,000 (27,500) (27,500) 330,000 X 300,000 X (3.000) X (a) (b) (c) 0 0 0 0 0 0 0 1 Check Analyzing and Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., reports financial statements each December 31 and issues $500,000, 11%, 15-year bonds dated May 1, with interest payments on October 31 and April 30. Assuming the bonds are sold at par on May 1, complete the financial statement effects template to reflect the following events: (a) bond issuance, (b) the first semiannual interest payment, and (c) retirement of $300,000 of the bonds at 102 on November 1 Use negative signs with your answers, when appropriate. Balance Sheet Income Statement ncash Contributed Earned ssets Liabilities Capital Capital Expenses Income 500,000 (27,500) (27,500) 300,000 x (3,000) (2,000 Net Revenue 0 0 0 0 0 0 0 0 0 27,500 2,000 X 0 Check