ess-false son o produces and distributes semiconductors for use by computer manufacturers. Thomson Co. issued $900,000 of 10-year, 7% bonds or 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. y 1. Issued the bonds for cash at their face amount. v, 1. Paid the interest on the bonds. May 1 Cash Dec. 31