Problem 8-2 On October 1, 2016, Culver Corp. issued $936,000, 8%, 10-year bonds at face value. The bonds were dated October 1, 2016, and annually on December 31. (a) Prepare a tabular summary to record the issuance of the bonds and the adjustments to record the accrual of interest on Decem (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, Liabilities or Stockholders' Equity, place a negative sign (or parenthese Equity item that was reduced.) Assets Liabilities Stockholders' Equ Retaine Cash Bonds. Pay. + Interest Pay. + Common Stock + Reventie Expense (a) Oct. 1, 2016 $ $ Dec. 31, 2016 (c) Oct. 1, 2017 (d) Oct. 1, 2026 Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2016. CULVER CORP. ends at face value. The bonds were dated October 1, 2016, and pay interest annually on October 1. Financial statements are prepared and the adjustments to record the accrual of interest on December 31, 2016. on October 1, 2017. on October 1, 2026, their maturity date. tockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability Stockholders' Equity Retained Earnings Revenue Expense Dividend t Pay. + Common Stock + $ $ Interest expense Interest expense interest payable on December 31, 2016. Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2016. CULVER CORP. Balance Sheet (Partial) $