Entries for Issuing Bonds Abloye Co. produces and distributes semiconductors for use by computer manufacturers. Abloye Co. Issued $700,000 of 10-year, 9% 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. Poid 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, 11 an amount box does not require an entry, leave it blank 700.000 700,000 May 1 Cash Bonds Payable Nov. 1 Interest Expense Cash 47.150 X 47.250 X X 10.500 Dec 31 Interest Expense Interest Payable 10.500 ude