Entries for Issuing Bonds

Abioye Co. produces and distributes semiconductors for use by computer manufacturers. Abioye Co. issued $750,000 of 20-year, 11% 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. If an amount box does not require an entry, leave it blank. Round your answers to whole number.

May 1		fill in the blank 2	fill in the blank 3
		fill in the blank 5	fill in the blank 6
Nov. 1		fill in the blank 8	fill in the blank 9
		fill in the blank 11	fill in the blank 12
Dec. 31		fill in the blank 14	fill in the blank 15
		fill in the blank 17	fill in the blank 18