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On August 1, 2022, Bridgeport Corp issued $483,600,7%,10-year bonds at face value Interest is payable annually on August 1. Bridgeport's year-end is December 31. Prepare

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On August 1, 2022, Bridgeport Corp issued $483,600,7%,10-year bonds at face value Interest is payable annually on August 1. Bridgeport's year-end is December 31. Prepare a tabular summary to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31,2022. (c) The payment of interest on August 1, 2023. Include margin explanations for the changes in revenues and expenses. If a transaction couses a decrease in Assets, Liabilities or Stockholders' Equity, place a negotive sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity item that was reduced. On August 1, 2022, Bridgeport Corp. issued $483,600,7%,10-year bonds at face value. Interest is payable annually on August 1. Bridgeport's year-end is December 31 Prepare a tabular summary to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31,2022. (c) The payment of interest on August 1.2023. Include margin explanations for the changes in revenues and expenses. (If a transoction causes a decrease in Assets, Liobilities 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.) On August 1, 2022, 8ridgeport Corp. issued $483,600,7%,10 year bonds at face value. Interest is payable annually on August 1 . Bridgeport's year-end is December 31. Prepare a tabular summary to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31, 2022 (c) The payment of interest on August 1, 2023. Include margin explanations for the changes in revenues and expenses. (I/ a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign (or parentheses) in front of the omount entered for the particular Asset, Liability or Equity item that was reduced.)

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