Oriole Company issued $$550,000$ of $10\%,15-$year bonds on January $1,2027,$ at face value. Interest is payable annually on January $1.$

Prepare a tabular summary to record the following events.

$($a$)$ The issuance of the bonds.

$($b$)$ The accrual of interest on December $31,2027.$

$($c$)$ The payment of interest on January $1,2028.$

$($d$)$ The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.

Include margin explanations for the changes in revenues and expenses. $($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.$)$

$\backslash$table$[[,,$Assets,$=,$Liabilities,$+,$Paid$-$i$],[,,,,,,],[,,$Cash,$=,$Bonds Payable,$+,$Interest Payable,$+,,$Comr$],[($a$)$ Jan$\mathrm{.}1,2027,$$$,,,,,,,,],[($b$)$ Dec. $31,2027,,,,,,,,,],[($c$)$ Jan. $1,2028,,,,,,,,,]]$

$($d$)$ Jan. $1,2,042$