Exercise 8-11 Sheridan Company issued $460,000 of 7%, 20-year bonds on anuary 1, 2017, at face value. Interest is payable annually on january 1. Prepare a tabular sunmary to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31, 2017. c) The payment of interest on January 1, 2018. () The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded If transaction causes a decrease in Assets, Liabilities or stock o ders' Equity, place negative sagn or parentheses in front of the amount entered for the particular Asset Liability or Equity item that was reduced. Stockholders Equity Llabilitles Assets Retained Earnings Expense - Dividend Cash Bonds Py- +Interest Pay. + Common Stack + Revenue - (a) an. 1, 2017 (b) Dec. 31, 2017 (can1, 2018 (d) Jan. 1, 2037 Interest expense