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On October 1, 2016, Blue Corp. Issued $732,000, 8%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pay interest annually

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On October 1, 2016, Blue Corp. Issued $732,000, 8%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pay interest annually on October 1. Finandal statements are prepared annually on December 31. (a) Prepare a tabular summary to record the issuance of the bonds and the adjustments to record the accrual of interest on December 31, 2016 (c) Prepare a tabular summary to record the payment of interest on October 1, 2017 (d) Prepare a tabular summary to record redemption of the bonds on October 1, 2026. their maturity date. (If a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negative ion (or parentheses) in front of the contentered for the particular Asset Liability or Equity Item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Cash Bonds. Pay. Interest Pay. Common Stock + Revenge Expense Dividend tal Oct 1, 2016 5 3 5 Dec 31, 2016 Interest expense () Oct. 1. 2017 Interested (d) Oct 1, 2026

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