Entries for Issuing Bonds Thomson Co produces and distributes semiconductors for use by computer manufacturers Thomson Co issued $870,000 of 10 year, 10 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 Round your answers to whole number May 1 Nov 1 Dec 31

Question: Entries for Issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson Co. issued $870,000 of 10-year, 10% bonds on May

Entries for Issuing Bonds

Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson Co. issued $870,000 of 10-year, 10% 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. Round your answers to whole number.

May 1

Nov. 1

Dec. 31

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