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Analyzing and Reporting Financial Statement Effects of Bond Transactions On january 1 of the current...

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Analyzing and Reporting Financial Statement Effects of Bond Transactions On january 1 of the current year, Trueman Corporation issued $500,000 of 20 year, 11%6 bonds for $462,384, yielding a market (yieid) rate of 12% intereit is payable semiannually on june 30 and December 31. (a) Confirm the bond issue price. Round answers to the nearest whole number. (b) Indicate the financial statement effects using the template for (1) bond issuarce, (2) semiannual interest payment and discount amortization ongirie 30, and (3) semiannual interest payment and discount amortization on December 31 of the cutrent year. Round answers to the nearest whole number, Use negative signs with answers, when appropriate, (b) Indicate the financial statement effects using the template for (1) bond issuance, (2) semtannual Interest payment and discount amortization on june 30, and (3) semiannual interest payment and discount amortization on December 31 of the current year. Round answers to the nearest whole number. Use negative slgns with answers, when appropriate

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