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On August 1, 2017, Ayayai Corp. issued $506,400,7%,10-year bonds at face value. Interest is payable annually on August 1. Ayayai's year-end is December 31. (a)The

On August 1, 2017, Ayayai Corp. issued $506,400,7%,10-year bonds at face value. Interest is payable annually on August 1. Ayayai's year-end is December 31.

(a)The issuance of the bonds. (b)The accrual of interest on December 31, 2017.(c)The payment of interest on August 1, 2018.

Cash = Bonds Pay + Interest Pay + Common Stock + Revenue - Expense -Dividend

(a) Aug.1, 2017 (b) Dec. 31, 2017 (c) Aug. 1, 2018

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