arrent Attempt in Progress

Your answer is partially correct.

Cullumber Company issued $$640,000$ of $9\%,15-$year bonds on January $1,2027,$ at face value. Interest is payable annually on January

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.Liabilities