Issuing Bonds Cyber Tech Inc. produces and distributes fiber optic cable for use by...

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Accounting

Issuing Bonds
Cyber Tech Inc. produces and distributes fiber optic cable for use by telecommunications companies. Cyber Tech Inc. issued $60,500,000 of 20- year, 6% 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.
Illustrate the effects on the accounts and financial statements of recording the following selected transactions for the current year. If no account or activity is affecte
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.
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