The following transactions of Lilly of the Valley Bath Products occurred during 2018 Sept. 1 Issued a 10-year bonds payable. The face value is $300,000. The bonds pay interest semiannually. The Issue price is 109.inkiest 76 Oct. 1 Bought a new delivery truck for 35,000. The six-year 6.5% note requires payments due monthly of $650 with a $5,000 down payment. Each payment contains principal and interest. Oct. 1 Mortgaged the warehouse for $350,000 cash with State Bank (already owned the building). The mortgage requires monthly payments of $7,000. The interest rate on the Note is 4 % and accrues monthly. The first payment is due is due Nov. 1. 1. Journalize issuance of bond. Be careful-you have to calculate how much cash the company received. 2. Journalize purchase of the delivery truck. 3. Make a truck payment on Nov. I and Dec. 1 and accrue the interest on Dec. 31 (one full month's interest). 4. Issue the mortgage not on Oct. 1. 5. Make mortgage payments on Nov. 1 and Dec. 1. Accrue the interest on Dec. 31. 6. Journalize accrual of bond interest on Dec. 31. Date Account Dr Cr 9/1 Issued Bonds Payable | 10/1 Bought Truck | 10/1 Issued Mortgage Note Truck Payment Mortgage Payment 12/1 Truck Payment Date 12/1 Account Dr Cr Mortgage Payment 12/31 Accrue Mortgage Interest Accrue Truck Interest Accrue Bond Interest