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Thomson Co, produces and distributes semiconductors for use by computer manufacturers. Thomson Co. Issued $540,000 of 15-year, 7% bonds on May 1 of the current

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Thomson Co, produces and distributes semiconductors for use by computer manufacturers. Thomson Co. Issued $540,000 of 15-year, 7% bonds on May 1 of the current year at tace value, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. May 1 Issued the bonds for cash at their face amount Nov. 1 Paid the interest on the bonds. Dec 31 Recorded accrued interest for two months Journalize the entries to record the above selected transactions for the current year. Round your answers to whole number o May 1 Nov. 1 1 Dec. 31

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