Entries for issuing bonds

Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $210,000 of 25-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.

Date	Transaction
May 1.	Issued the bonds for cash at their face amount.
November 1.	Paid the interest on the bonds.
December 31.	Recorded accrued interest for 2 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.

Date	Account	Debit	Credit
May 1	Bonds PayableCashInterest ExpenseInterest PayablePremium on Bonds Payable	- Select -	- Select -
	Bonds PayableCashInterest ExpenseInterest PayablePremium on Bonds Payable	- Select -	- Select -
Nov. 1	Bonds PayableCashInterest ExpenseInterest PayablePremium on Bonds Payable	- Select -	- Select -
	Bonds PayableCashInterest ExpenseInterest PayablePremium on Bonds Payable	- Select -	- Select -
Dec. 31	Bonds PayableCashInterest ExpenseInterest PayablePremium on Bonds Payable	- Select -	- Select -
	Bonds PayableCashInterest ExpenseInterest PayablePremium on Bonds Payable	- Select -	- Select -