Schlitterbahn Waterslide Company issued 25,000, 10-year, 5 percent, $100 bonds on January 1 at face value. Interest is payable each December 31.

(a)The issuance of these bonds on January 1.

(b)The first interest payment on December 31.

ASSETS = LIABILITIES + STOCKHOLDERS EQUITY

(a.) ASSETS____LIABILITIES______STOCKHOLDERS EQUITY

(b.) ASSETS____LIABILITIES______STOCKHOLDERS EQUITY

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