Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,000,000, 8%, 7-year bond that pays semiannual interest of $200,000 ($5,000,000 ~ 8% x 1/2), receiving cash of $5,273,013. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Entries for Issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson Co. issued $810,000 of 15-year, 8% 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. 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. Round your answers to whole number. May 1 Nov. 1 Dec. 31