The board of directors of LaptopsLaptops Plus authorizes the issue of $ 9,000,000 $9,000,000 of 88%, 2020-year bonds payable. The semiannual interest dates are May 31 and November 30. The bonds are issued on May 31,2016 at par.

Requirements

1.	Journalize the following transactions:
	a. Issuance of half of the bonds on May 31, 20162016
	b. Payment of interest on November 30, 20162016
	c. Accrual of interest on December 31, 20162016
	d. Payment of interest on May 31, 20172017
2.	Report interest payable and bonds payable as they would appear on the LaptopsLaptops Plus balance sheet at December 31,2016.