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May 1 for next year please SHOW ME HOW EX 11-2 Entries for issuing bonds Obj. 2 Thomson Co. produces and distributes semiconductors for use

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SHOW ME HOW EX 11-2 Entries for issuing bonds Obj. 2 Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $900,000 of 10-year, 7% 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. Journalize the entries to record the following selected transactions for the current 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

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