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Willow Corp. issued at par 5.5 percent, five-year bonds payable with a maturity value of $24,000 on May 1, 2018. Assume the fiscal year ends

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Willow Corp. issued at par 5.5 percent, five-year bonds payable with a maturity value of $24,000 on May 1, 2018. Assume the fiscal year ends December 31. Journalize the following transactions and include an explanation for each entry, Round calculations to the nearest dollar a. Issuance of the bonds payable on May 1, 2018 b. Payment of the first semiannual interest amount on November 1, 2018 c. Accrual of interest expense on December 31, 2018 b. Journalize the payment of the first semiannual interest amount on November 1, 2018 Journal Entry Accounts and Explanations Debit Credit Date Nov 1 Interest expense Paid semiannual interest c. Journalize the accnial of internet enesen December 31 2018 Damund Willow Corp. issued at par 5.5 percent, five-year bonds payable with a maturity value of $24,000 on May 1, 2018. Assume the fiscal year ends December 31. Journalize the following transactions and include an explanation for each entry. Round calculations to the nearest dollar. a. Issuance of the bonds payable on May 1, 2018 b. Payment of the first semiannual interest amount on November 1, 2018 c. Accrual of interest expense on December 31, 2018 Paid semiannual interest c. Journalize the accrual of interest expense on December 31, 2018. (Do not round Intermediary calculations. Only round your final answer to the nearest whole dolar) Journal Entry Accounts and Explanations Date Debit NA No blo db Credit Dec 31 Interest expense Interest payable Accrue Interest Choose from any list or enter any number in the input fields and then continue to the next

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