On January 1, Sheridan Company issued $365,000, 7%, 20-year bonds at face value. Interest is payable annually on January 1. Include margin explanations for the changes in revenues and expenses. Prepare a tabular summary to record the following events. (a) (b) (c) The issuance of the bonds. The accrual of interest on December 31. The payment of interest on January 1. (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.) (a) Jan.1 (b) Dec. 31 (c) Jan. 1 $ Assets. Cash Bonds Pay. Liabilities $ Interest Pay. + $ Pd. in Ca Common S

On January 1 , Sherldan Compary issued $365,000,7,20 year bonds at foce value. Interest is payable annually on January 1 . Include margin explanations for the changes in revenues and expenses. Prepare a tabular summary to record the following events. (a) The issuance of the bonds. (b) Theacorual of interest on December 31 . (c) The payment of interest on January 1. (If a transaction causes a decrease in Assets, Liabilities or Stockhalders' Equily, place a negative sisn (or parentheses) in front of the amount entered for the particular Asset, Lability or Equity item that wos reduced.] On January 1 , Sheridan Company issued $365,000,7,20 year bonds at face valoe. Interest is payable annually on January 2 include margin explarations for the changes in revenues and expenses. Prepare a tabular summary to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31. (c) The payment of interest on January 1. entered for the particular Asset, Llability or Equity item that was reduced) On January 1,5 heridan Compary issued $365,000,720-year bonds at face value Interest is payable annually on January 1 . Include margin explanations for the changes in revenues and expenses. Prepare a tabular summary to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31. (c) The payment of interest on lanuary 1 (If a tronsaction couses a decrease in Assets, Labilities or Stockholders' Equity, place a neguthe ilen (or parentheses) in front of the amount entered for the particular Asset. Llabiuly or Equilty item thot wos reduced.)