The board of directors of Images Plus authorized the issue of $$6,000,000$ of $7\%,15-$year bonds payable. The semiannual interest dates are May $31$ and November $30.$ The bonds are issued on

May $31,2021,$ at par.

Read the requirements.

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 $31,2021$

Requirements

Journalize the following transactions:

a$.$ Issuance of half of the bonds on May $31,2021$

b$.$ Payment of interest on November $30,2021$

c$.$ Accrual of interest on December $31,2021$

d$.$ Payment of interest on May $31,2022$

Report interest payable and bonds payable as they would appear on

the company's balance sheet at December $31,2021.$