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Progre ins Cullumber Company issues $260,000, 20-year, 8% bonds at 102. Prepare a tabular summary to record the sale of these bonds on June 1,

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Progre ins Cullumber Company issues $260,000, 20-year, 8% bonds at 102. Prepare a tabular summary to record the sale of these bonds on June 1, 2022. 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 for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Bonds Pay. Prem. on Bonds Pay. Common Stock $ $ e Textbook and Media List of Accounts Attempts: 0 of 3 used Seve for Later Submit Answer Cullumber Company issues $260,000, 20-year, 8% bonds at 102. Prepare a tabular summary to record the sale of these bonds on June 1, 2022. 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.) Stockholders' Equity Retained Earnings Expense Common Stock Revenue Dividend $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Current Attempt in Progress Cullumber Company issues $260,000, 20-year, 8% bonds at 102. Prepare a tabular summary to record the sale of these bonds on June 1, 2022. Include margin explanations for the changes in revenues and expenses. Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Expense S Revenue Dividend Sales revenue Interest expense Payroll tax experte Ticket revenue e Textbook and Media List of Accounts Save for Later Attempts:0 of 3 used Submit

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