Question 2 On August 1, 2017, Blue Spruce Corp. issued $481,200, 7%, 10-year bonds at face value. Interest is payable annually on August 1. Blue Spruce's year-end is December 31. Prepare a tabular summary to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31, 2017. (c) The payment of interest on August 1, 2018. (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 Revenue - Expense - Dividend = Bonds Pay. + Interest Pay. + Common Stock + (a) Aug.1, 2017 (b) Dec. 31, 2017 (c) Aug. 1, 2018 Interest expense Interest expense Click if you would like to Show Work for this question: Open Show Work