On August $1,2027.$ Flint Corporation issued $\backslash (\backslash$$ $502,800,7\backslash \%,10\backslash )-$year bonds at face value. Interest is payable annually on August $1.$ Flint'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 $31,2027.($c$)$ The payment of interest on August $1,2028.$ 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.$)$