bonds at face value. Interest is payable annually on January 1. Include margin explanations for the changes in revenues and expenses. Prepare a tabular summary to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31. (c) The payment of interest on January 1. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Bonds Pay Liabilities Pd. in Ca Interest Pay Common S