Assignment Gradebook ORION Downloadable eTextbook ument CALCULATOR HESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION 4 ACK NEXT Question 5 On October 1, 2016, Flounder Co issued $780,000, 99, 10 year bonds at face value. The bonds were dated October 1, 2016, and pay interest annually on October 1. Financial statements are prepared annually on December 31. (a) Prepare a tabular summary to record the issuance of the bonds and the adjustments to record the accrual of interest on December 31, 2016. (c) Prepare a tabular summary to record the payment of interest on October 1, 2017. (d) Prepare a tabular summary to record redemption of the bonds on October 1, 2026, their maturity date. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative slon (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Cash Bonds. Pay. + Interest Pay. + Common Stock + Revenue Expense Dividend (a) Oct 1, 2016 $ $ s $ $ $ Dec 31, 2016 Interest expense (C) Oct 1, 2017 Interest expense (d) Oct 1, 2026 Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2016. to search o CO 18 AENG 7:24 PM 2020-08-27 DELL ACCOUNTING FOR MANA Practice Assignment Gradebook ORION Downloadable eTextbook signment CALCULATOR Dec 31, 2016 ES MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION Interest expense (c) Oct. 1, 2017 Interest expense (d) Oct. 1, 2026 Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2016. FLOUNDER CORP. Balance Sheet (Partial) Show Work is REQUIRED for this question: Open Show Work IX Question Attempts: 0 of 1 used SAVE FOR LATER SUBMI to search O E ENE DELL