Problem 15-1A ond transactions eporting bonds e balance sheet 2 nse, $200,000 The board of directors of Jeter Production Co. Ltd. authorizes the issuance of 4 percent, 10-year bonds with a May 31 and November 30. The bonds are issued through at par plus accrued interest from June 1, 2017. Jeter's year end is December 31. maturity value of $12,000,000. The semi-annual interest dates are an underwriter on June 30, 2017, Required 1. Journalize the following transactions: a. Issuance of the bonds on June 30, 2017 b. Payment of interest on November 30, 2017. Accrual of interest on December 31, 2017 d. Payment of interest on 2. Report interest payable and bonds payable Co. Ltd. balance sheet at December 31, 2017 C. May 31, 2018. they would appear on the Jeter Production as 3. Why do we need to accrue interest on June 30 and again on December 31, twice in 2017