Requirements

Journalize the following transactions:

a$.$ Issuance of half of the bonds on May $31,2019$

b$.$ Payment of interest on November $30,2019$

c$.$ Accrual of interest on December $31,2019$

d$.$ Payment of interest on May $31,2020$

Report interest payable and bonds payable as they would appear on the Canterbury Plus balance sheet at December $31,2018.$

Requirement $1.$ Journalize the transactions a through d$.($Record debits first, then credits. Exclude explanations from journal entries.$)$

a$.$ Issuance of half of the bonds on May $31,2019$

b$.$ Payment of interest on November $30,2018$

c$.$ Accrual of interest on December $31,2019$

d$.$ Payment of interest on May $31,2020$

Requirement $2.$ Report interest payable and bonds payable as they would appear on the Canterbury Flus balance sheet at December $31,2018.$