Question: Problem 0-2 (Part Level Submission) On October 1, 2016, Marigold Corp, issued $804,000,8%, 10-year bonds at face value. The bonds were dated October 1, 2016,

Problem 0-2 (Part Level Submission) On October 1, 2016, Marigold Corp, issued $804,000,8%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pay interest annually on October 1. Financial statements are prepared annually on December 31 (a) Prepare a tabula summary to record the issuance of the bonds and the adjustments to record the accrual of interest on December 31, 2016. (c) Prepare a tabular summary to record the payment of interest on October 1, 2017 (d) Prepare a tabular summary to record redemption of the bonds on October 1, 2026, their maturity date. (If a transaction causes a decrease in Assets, labies 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 Cash = Bonds. Pay. Interest Pay. + Common Stock Revenue Expense Dividend (a) Oct 1, 2016 $ Interest expense Dec 31, 2016 Interest expense (c) Oct 1, 2017 (d) Oct 1, 2026

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