The board of directors of Mailroom Plus authorizes the issue of $$7,000,000$ of $9\%,25-$year bonds payable. The semiannual interest dates are May $31$ and November $30.$ The bonds are issued on May $31,2019,$ at face value.

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 Mailroom Plus balance sheet at December $31,2019.$

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