Corporation able to sell its bonds at this price? EX 14-5 Entries for issuing bonds OBJ. 3 Thomson e6. produces and distributes semiconductors for use by computer manufact Thomson Co. issued $900,000 of 10-year 7% 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. Journalize the entries to record the following selected transactions for the current 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