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Entries for issuing bonds Thomson Co . produces and distributes semiconductors for use by computer manufacturers. Thomson issued $ 6 0 0 , 0 0
Entries for issuing bonds
Thomson Co produces and distributes semiconductors for use by computer manufacturers. Thomson issued $ of year, bonds on May of the current year at face value, with interest payable on May and November The fiscal year of the company is the calendar year.
May Issued the bonds for cash at their face amount.
November Paid the interest on the bonds.
December Recorded accrued interest for 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.
May
Bonds Payable
Nov. Interest Expense.
Dec. Interest Expense
Interest Payable
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