P15-33A The board of directors of Changing Seasons Health Spa authorizes issuance of $600,000 of 7%, 10-year bonds payable. The senianna inrerest dates are May 31 and November 30. The bonds are issued July 31, 2008, at par plus accrued interest Requirements e following transactions: a. Issuance of the bonds on July 31,2008. b. Payment of interest on November 30, 2008. c. Accrual of interest on December 31, 2008 d. Payment of interest on May 31, 2009 2. Report interest payable and bonds payable as they would appear oe the Changing Seasons balance sheet at December 31, 2008