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eBook Show Me How Entries for Issuing Bonds Thomson Co. produces and distributes at face value, with interest payable on May 1 and November 1.

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eBook Show Me How Entries for Issuing Bonds Thomson Co. produces and distributes 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 for use by computer manufacturers. Thomson Co. issued $390,000 of 10-year, 11% bonds on May 1 of the current year Journalize the entries to record the above selected transactions for the current year. Round your answers to whole number Nov. 1 Dec. 3 All work saved 14

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