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On October 1, 2016, Bridgeport Corp. Issued $756,000,5%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pay interest annually on

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On October 1, 2016, Bridgeport Corp. Issued $756,000,5%, 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 (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 transaction can decrease in Assets, Les or Stockholders wity places negative in (er parentheses) in front of the amount entered for the particular Asant Liability or Equity Item that was reduced.) Assets Liabilities Stockholders' Equity Retained arnings Cash Bonds. Pay + Interest Pay. + Common Stock Revenue Expense Dividend (a) Oct 1, 2016 Dec 31, 2016 Interest expense (c) Oct. 1. 2017 Interest expense (6) Oct. 1, 2026 Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2016. BRIDGEPORT CORP. Balance Sheet (Partial) BRIDGEPORT CORP. Balance Sheet (Partial) Show Work is REQUIRED for this question: Open Show Work

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