The board of directors of Monitors Plus authorized the issue of $9,000,000 of 7% 15-year bonds payable. The semiannual interest dates ate May 31 and November 30 The bonds are issued on May 31, 2018, et par Read the requirements Requirement 1. Journalize the transactions through d (Record debts first, then credits Exclude explanations from ournal onthos a. Issuance of half of the bonds on May 31, 2018 Journal Entry Dato 2018 Accounts Debit Credit May 31 b. Payment of interest on November 30, 2018 Journal Entry Accounts Date Debit Credit 2018 30 NON c. Accrual of interest on December 31, 2018 Journal Entry Date 2018 Accounts Debit Credit Dec 31 d. Payment of interest on May 31, 2019 Journal Entry Date 2019 Accounts Debit Credit May 31 Requirement 2. Report interest payable and bonds payable as they would appear on the company's balance sheet at December 31, 2018