Use the following information for Questions 35 to 37. For…
Use the following information for Questions 35 to 37. For each transaction indicate the FSET columns impacted, the dollar amount, and if it was an increase or decrease. (Each transaction must impact at least two columns. Transactions can impact more then two columns. (Make sure to include all columns! Include Net Income and Retained Earnings if necessary!) Use the following format: (DATE) (COLUMN NAME) ($ AMOUNT) (INCREASE/DECREASE) Sunshine, Inc. issued $600,000, 12%, 5-year bonds on January 1, 2026. Interest is payable semi-annually every June 30 January 1. Sunshine, Inc. issues financial statements every December 31. Record the FSET transaction on January 1, 2026 for the issuance of the bonds.
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