PengeNOW2 Online tax Cengage Learning takassignmentassignment Main.do?irprogress true + aps eBook Entries for issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $800,000 of 10-year, os bons 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. If an amount box does not require an entry leave it bank May ! Cash Bonds Payable Nov. 1 Interest Expense Dec. 31 Interest Expense Interest Payable Bonds payable is always recorded at face value. The semi-annualchyment to hondarteret expense where & 3: . $ 4 96 5 0 8 9 6 7 3 P o Y U T W E R J L D F H G B N. M