Question: Hello expert can you help me these question?I need your help please. It is financial accounting question [The following information applies to the questions displayed



Hello expert can you help me these question?I need your help please. It is financial accounting question
[The following information applies to the questions displayed below. Jessie Co. issued $7 million face amount of 14.2%, 10-year bonds on April 1, 2019. The bonds pay interest on an annual basis on March 31 each year. Award: 0.60 points b-1. Independent of your answer to part a, assume that the proceeds were $7,078,000. Use the horizontal model to show the effect of issuing the bonds. Indicate the financial state effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Balance Sheet Reven Net Income Liabilities + Stockholders' Equity Assets 11 11 11 + 11 11 + 15F 18) O TT Type here to search b-2. Independent of your answer to part a, assume that the proceeds were $7,078,000. Record the journal entry to show the effect of issuing the bonds. (Enter your ans dollar, not in millions. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet
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