Iscing Honda Cyber Tedy Inc produces and distributes liber optic cable for use by telecommunications...
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Accounting
Iscing Honda Cyber Tedy Inc produces and distributes liber optic cable for use by telecommunications companies Cyber Tech Inc. issued $67,750,000 of 30 year, 8% bonds on March 1 at their face amount with Interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Tlhestrate the effects on the accounts and financial statements of recording the following selected transactions for the current year. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Round your answers to the nearest dollar. Mar. 1. Issued the bonds for cash at their face amount Financial Statement Effects Balance Sheet Assets Liabilities Stockholders' Equity Mar. 1. Statement of Cash Flow Income Statement Sept. 1. Paid the interest on the bonds Financial Statement Effects Balance Sheet Assets Liabilities Stockholders' Equity Sept. 1. Statement of Cash Flows Income Statement Dec. 31. Recorded accrued Interest for four months. Financial Statement Effects Balance Sheet Assets Liabilities Stockholders' Equity Dec. 31. Statement of Cash Flows Income Statement



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