Entries for Issuing Bonds Thomson Co, produces and distributes semiconductors for use by computer manufacturefs. Thomson issued $630,000 of 25 -year, 7 bonds on May 1 of the current year at face value, with interest payabie 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