On October 1, 2016, Bramble Corp. issued $744,000, 8%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pay interest annually on October 1. Financial statements are prepared annually on December 31. Correct answer. Your answer is correct. (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 sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Liabilities + Stockholders Equity Retained Earnings Cash = Bonds. Pay. + Interest Pay. + Common Stock + Revenue - Expense - Dividend (a) Oct. 1, 2016 $Entry field with correct answer 744,000 $Entry field with correct answer 744,000 $Entry field with correct answer $Entry field with correct answer $Entry field with correct answer $Entry field with correct answer $Entry field with correct answer Dec. 31, 2016 Entry field with correct answer Entry field with correct answer Entry field with correct answer 14,880 Entry field with correct answer Entry field with correct answer Entry field with correct answer (14,880) Entry field with correct answer Interest expense (c) Oct. 1, 2017 Entry field with correct answer (59,520) Entry field with correct answer Entry field with correct answer (14,880) Entry field with correct answer Entry field with correct answer Entry field with correct answer (44,640) Entry field with correct answer Interest expense (d) Oct. 1, 2026 Entry field with correct answer (744,000) Entry field with correct answer (744,000) Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Incorrect answer. Your answer is incorrect. Try again. Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2016. BRAMBLE CORP. Balance Sheet (Partial) Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer $Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Click if you would like to Show Work for this question: Open Show Work