Question 2 Not complete Marked out of 1.00 P Flag question Bonds Payable Journal Entries; Issued at Par Plus Accrued Interest Askew, Inc., which closes its books on December 31, is authorized to issue $700,000 of nine percent, 15-year bor Required Prepare journal entries to record the following events, assuming that the bonds were sold at 100 plus accrued in a. The bond issuance. b. Payment of the first semiannual period's interest on November 1. c. Accrual of bond interest expense at December 31. d. Payment of the semiannual interest on May 1 of the following year. e. Retirement of $500,000 of the bonds at 101 on May 1, Year 2 (immediately after the interest payment on that di General Journal Description Debit Credit Date a Oct.1 . $ $ Bonds Payable . Issuance of bonds at 100 plus accrued interest. b. Nov. 1 Bond Interest Payable 4+ To record semiannual interest payment C Dec 31 . To accrue interest expense. d May ! Bond Interest Payable