151. Rodgers Equipment Company sold a ten-year, 6% bond issue at 102 ½. Rodgers received proceeds of $256,250 from the sale of these bonds. Calculate the face amount of these bonds. 152. Baird...

151. Rodgers Equipment Company sold a ten-year, 6% bond issue at 102 ½. Rodgers received proceeds of $256,250 from the sale of these bonds. Calculate the face amount of these bonds.

152. Baird Manufacturing Company issued $150,000 of 7%, 5-year bonds for $144,000, on January 1, 2016. Interest is payable on January 1 of each year. Baird uses the straight-line method of amortization. The first interest payment is to be made on January 1, 2017.
Required:
a) Show the effects of the following events on the accounting equation.
Event 1. The issuance of the bonds.
Event 2. Accrual of interest at December 31, 2016.
Event 3. Amortization of discount at December 31, 2016.