Abioye Co. produces and distributes semiconductors for use by computer manufacturers. Abioye Co. issued $300,000 of 20-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 1Issued the bonds for cash at their face amount.

Nov. 1Paid the interest on the bonds.

Dec. 31Recorded 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 blank. Round your answers to whole number.

s

Chapter 14 Book Show Me How Entries for Issuing Bonds Abuye a produces and distributes semiconductors for use by computer manufacturers. Abiope Co. issue $500.000 20-year, 12%, bends on May 1 of the current year ul luce value, with interes puble on May 1 and November 1. The liscal year of the company is the calendar year, May 1 issued the bons for cash at their luce amount Nov. 1 Pald the interest on the bonds. DAC. 31 Recorded accrued interest for two months Journalize the entries to record the above selected transactions for the current yeer. If an amount box does not recuire an entry leve it blank. Round your answers to whole number. May 1 Nuv 1 Dec. 31 Check My Work Previous Next Assignment Score: 25% All work saved. Email Instructor Save and Submit Assignment for Grading