Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Themson issued $540,000 of 20 -year, 9% bonds on May 1 of the current year at face 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. Now. 1 Pald 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. If an amount box does not require an entry, leave it blanki Fpetien 7 Crock My Wat Bonds payable is always recorded at face value. The semi-annual cash payment to bondholders is the interest expense when bones are soid at face vaiue