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Instructions Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson Co. issued S360.000 of 10-year, 8% bonds on May 1 ot the
Instructions Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson Co. issued S360.000 of 10-year, 8% bonds on May 1 ot the current year at face value, with interest payable on May 1 and November 1. The tiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions for the current year. Refer to the Chart of Accounts for exact wording of account tties. May 1 Issued the bonds for cash at their face amount. Dec. 31 Recorded accrued interest tor two months
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