The board of directors of Radio Plus authorized the issue of $$9,000,000$ of $8\%,15-$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 $31,2021$

$\backslash$table$[[$Journal Entry$],[$Date$,2021,$Accounts,Debit,Credit$],[$May$,31,,,],[,,,,],[,,,,],[,,,,]]$

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

$\backslash$table$[[$Journal Entry$],[$Date$,2021,$Accounts,Debit,Credit$],[$Nov$,30,,,],[,,,,],[,,,,],[,,,,]]$

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

$\backslash$table$[[$Journal Entry$],[$Date$,2021,$Accounts,Debit,Credit$],[$Dec$,31,,,],[,,,,],[,,,,],[,,,,]]$

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

$\backslash$table$[[$Journal Entry$],[$Date$,2022,$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 $31,2021.$