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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.)

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