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Entries for issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers....

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Accounting

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Entries for issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson Co. Issued $480,000 of 15-year, 12% bonds on May 1 of the current year at face value, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. May 1 Issued the bonds for cash at their face amount Nov, 1 paid the interest on the bonds. Dec 31 Recorded accrued interest for two months Journalize the entries to record the above selected transactions for the current year May 1 Nov. 1 Dec 31

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