What are the effects of these journal entries on assets, liabilities, equity, re

Question

What are the effects of these journal entries on assets, liabilities, equity, revenues, expenses, and net income in the entries below in the pictures

Styles ipboard Updates for Office are ready to be installed, but first we need to close some apps. UPDATES AVAILABLE 7/1/2017 30,000 12/31/2017 30,000 29898 29893 102 600,000 611,898 107 600,000 611,790 30,000 Date Accounts Debit Credit 1/1/2017 Cash 612000 600,000 12000 Bonds Payable Premium on bonds payable 7/1/2017 Interest expense 29898 102 Premium on bonds payable Cash 30,000 12/31/2017 Interest expense 29893 107 Premium on bonds payable Interest payable 30,000 carrying vale of note July 1, 2017 book value 612,000 Premium Effects Asset Liabilities Equity Revenues Expenses Net income 1/1/2017 1-Jul 31-Dec 0 0 30,000 12,000 -30,000 30,000 -107 0 29898 28,983 12,00030,000 -30,000 612,000 30,000 600 102 611,898 12,000 -102 Sheet1 + 100% O Type here to search

Explanation / Answer

Effects 1/1/2017 7/1/2017 12/31/2017 Assets 612000 -30000 -30000 Liabilities 612000 -102 -107 Equity 0 -29898 -29893 Revenues 0 0 0 Expenses 0 29898 -29893 Net Income 0 -29898 -29893 Effects Purchase Note Note Assets 50000 0 50000 Liabilities 50000 0 50000 Equity 0 0 0 Revenues 0 0 0 Expenses 0 0 0 Net Income 0 0 0 Effects Note 1 Note 2 Assets 0 0 Liabilities 1000 1000 Equity -1000 -1000 Revenues 0 0 Expenses 1000 1000 Net Income -1000 -1000

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