Cullumber Company issued $530,000 of 7%, 20-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1. Prepare a tabular summary to record the following events.

(a)		The issuance of the bonds.
(b)		The accrual of interest on December 31, 2022.
(c)		The payment of interest on January 1, 2023.
(d)		The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.

Include margin explanations for the changes in revenues and expenses. (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	=	Liabilities			+	Stockholders Equity
							Pd. in Cap.	+	Retained Earnings
	Cash	=	Bonds Pay.	+	Interest Pay.	+	Common Stock	+	Revenue	-	Expense	-	Dividend
(a) Jan.1, 2022	$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		select an option Bonds payable/Interest expense/Discount on bonds/Premium on bonds
(b) Dec. 31, 2022	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an option Discount on bonds/Premium on bonds/Bonds payable/Interest expense
(c) Jan. 1, 2023	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an option Premium on bonds/Discount on bonds/Interest expense/Bonds payable
(d) Jan. 1, 2,042	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an option Premium on bonds/Bonds payable/Interest expense/Discount on bonds