Question
On August 1, 2017, Indigo Corporation issued $504,000,8%,10-year bonds at face value. Interest is payable annually on August 1. Indigo's year-end is December 31. Make
On August 1, 2017, Indigo Corporation issued $504,000,8%,10-year bonds at face value. Interest is payable annually on August 1. Indigo's year-end is December 31.
Make a tabular summary 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 August 1, 2018.
(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.)
Please answer in the following format:
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