Question: Pretzelmania, Incorporated, issues 5 % , 1 0 - year bonds at face amount of $ 6 5 , 0 0 0 on January 1

Pretzelmania, Incorporated, issues 5%,10-year bonds at face amount of $65,000 on January 1,2026. Interest is paid semiannually on June 30 and December 31.
Required:
How will the issuance of the bonds on January 1 and the first interest payment on June 30,2026, affect the financial statements?
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Jan 1
June 30
How will the issuance of the bonds on January 1,2026, affect the financial statements?
Note: Amounts to be deducted should be indicated by a minus sign. How will the first interest payment on June 30,2026, affect the financial statements?
Note: Amounts to be deducted should be indicated by a minus sign.
Pretzelmania, Incorporated, issues 5%,10-year bonds at face amount of $65,000 on

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