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Problem 8-2 On October 1, 2016, Ouhver Corp issued $936,000, 8% , 10- yeer bonds at face vakue. The bonds were dated October 1, 2016,

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Problem 8-2 On October 1, 2016, Ouhver Corp issued $936,000, 8% , 10- yeer bonds at face vakue. The bonds were dated October 1, 2016, and pay interest arnually on October 1. Financial statements are prepared annualy on December 31 (a) Prepare a tabular summary to recoed the issuance the bonds and the adiuntments to recoed the accrwl of interest on December 31, 2016 (c) Prepare a tabular summary to record the payment of irterest on October 1, 2017 (d) Prepare a tabular summary to recerd redemption of the bonds on October 1, 2026, their maturity date. (If a transaction causes a decrease in Assets, Liabilities or Stockbolders Equity, olace a oeoative sion (or mareotheses) in front of the amount entered for the particsular Asset, Liabity or Equity itew that was reduced X Stockholders Equity Liabilities Assets Retained Earnings Dividend Bonds, Pay, Interest Pay, Common Stocke Reveme Expense Cash (a) Oct. 1, 2016 Interest expense () Dec 31, 2010 Interest expense Oct. 1, 2017 (d) Oct. 1, 2026 Show the balance sheet presertation of bonds payable and bend interest payable on December 31, 20106e CULVER CORP Balance Sheet (Partial)s Question Attempts: Unlimit

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