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On August 1 , 2 0 2 7 . Whispering Winds Corporation issued $ 4 9 9 . 2 0 0 , 6 % ,
On August Whispering Winds Corporation issued $year bonds at face value. Interest is payable annually on August Whispering Winds's yearend is December
Prepare a tabular summary to record the following events.
a The issuance of the bonds.
b The accrual of interest on December
C The payment of interest on August
Include margin explanations for the changes in revenues and expenses. Mr a transoction causes a decrease in Assets, Liabilites or Stockholders Equity, place a negatve sign or parentheses in front of the anourt entered for the particular Asset, Labilty or Equity item that was reatuced: Cash
Interest Payable
a Aug $ $
b Dec
c Aug.
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