The board of decons of Laptops Electronics authors the of $70 A of Payment of 2 Report in on December 31, 2018 on May 31, 2000 peyse and bons type on the La Show Work The board of directors of Laptops Electronics authorizes the issue of $7,000,000 of 12% 15-year bonds payable. The semiannual ist dates are May 31 and November 30 The bonds are issued on May 31, 2019, at par Requirements 1. Joumalize the following transactions Issuance of the bonds on May 31, 2019 b. Payment of interest on November 30, 2019 Accrual of interest on December 31, 2019 d. Payment of interest on May 31, 2020 2. Report interest payable and bonds payable as they would appear on the Laptops Electronics balance sheet at December 31, 2019 Requirement 1. Joule the tansactions a through decend debits first, then credits. Exclude explanations from journal entries. Round your answers to the nearest whole dollar) Issuance of the bonds on May 31, 2019 Date May 31 Bunds Payable Cash Journal Entry Accounts Debit Credit Discount on Bonds Payment of Expense Date Debit Credit Prem on Sund 3019