Entries for Issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $900,000 of 10-year, 8% bonds on May 1 of the current y 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. It an amount box does not require an entry, leave it blank. Mayi Cash Bonds Payable 900,000 0 07 900,000 Nov. 1 Interest Expense 42,900 X 0 Cash 07 42.900 X Dec. 31 Interest Expense 14.00 X Interest Payable 0 14.300 X Eud