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On October 1, 2021, Monty Corp. issued $ 828,000, 7%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31.

(a), (c)-(d)

(a)		Prepare a tabular summary to record the issuance of the bonds and the adjustments to record the accrual of interest on December 31, 2021.
(c)		Prepare a tabular summary to record the payment of interest on October 1, 2022.
(d)		Prepare a tabular summary to record redemption of the bonds on October 1, 2031, their maturity date. (Assume interest has already been recorded and paid.)

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.)

			Assets	=	Liabilities			+	Stockholders Equity
									Pd. in Cap.		Retained Earnings
			Cash	=	Bonds. Pay.	+	Interest Pay.	+	Common Stock	+	Revenue	-	Expense	-	Dividend
(a)	Oct. 1, 2021		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount		select an option Premium on bondsInterest expenseBonds payableDiscount on bonds
	Dec. 31, 2021		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an option Bonds payablePremium on bondsInterest expenseDiscount on bonds
(c)	Oct. 1, 2022		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an option Interest expenseDiscount on bondsBonds payablePremium on bonds
(d)	Oct. 1, 2031		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an option

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