On April 30, year 1, a company issued $607,000 worth of 9% bonds at par. The term of the bonds is 6 years, with interest payable semi-annually on October 31st and April 30th. The year-end of the company is November 30. Record the journal entries related to interest for year 1, and year 2. Note that interest must be accrued at the end of each year.

Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole dollar. For transactions with more than one debit, enter the debit accounts in alphabetical order.

Date	Account Title and Explanation	Debit	Credit
Oct 31 Y1	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseBonds PayableCashCommon StockCost of Goods SoldDiscount on BondsInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryPremium on BondsPrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseBonds PayableCashCommon StockCost of Goods SoldDiscount on BondsInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryPremium on BondsPrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense		Answer
	Payment of bond interest
Nov 30 Y1	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseBonds PayableCashCommon StockCost of Goods SoldDiscount on BondsInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryPremium on BondsPrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseBonds PayableCashCommon StockCost of Goods SoldDiscount on BondsInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryPremium on BondsPrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense		Answer
	Accrued interest on bonds at year-end
Apr 30 Y2	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseBonds PayableCashCommon StockCost of Goods SoldDiscount on BondsInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryPremium on BondsPrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseBonds PayableCashCommon StockCost of Goods SoldDiscount on BondsInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryPremium on BondsPrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseBonds PayableCashCommon StockCost of Goods SoldDiscount on BondsInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryPremium on BondsPrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense		Answer
	Payment of bond interest
Oct 31 Y2	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseBonds PayableCashCommon StockCost of Goods SoldDiscount on BondsInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryPremium on BondsPrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseBonds PayableCashCommon StockCost of Goods SoldDiscount on BondsInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryPremium on BondsPrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense		Answer
	Payment of bond interest
Nov 30 Y2	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseBonds PayableCashCommon StockCost of Goods SoldDiscount on BondsInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryPremium on BondsPrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAdvertising ExpenseBonds PayableCashCommon StockCost of Goods SoldDiscount on BondsInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryPremium on BondsPrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense		Answer
	Accrued interest on bonds at year-end