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T. Company produces and distributes semiconductors for use by computer manufacturers. T. Company issued $800,000 of 10-year 6% bonds on May 1 of the current

T. Company produces and distributes semiconductors for use by computer manufacturers. T. Company issued $800,000 of 10-year 6% bonds on May 1 of the current year at face value, with interest payable on May 1 and November 1. Journalize the entries to record the following selected transactions for the current year:

May 1 Issued the bonds for cash

November 1 Paid the interest on the bonds

December 31 Recorded accrued interest for two months

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