Zionsville Corporation issues bonds to finance expansion of its athletic shoe line. The $150,000 in bonds are issued on May 1, 2020 and pay interest in the amount of 4% annually. Interest payments are made semiannually every May 1 and November 1. Record the journal entry necessary for each of the following transactions:

1. The issuance of the bonds
2. The payment of interest on November 1, 2020.
3. The interest accrual on December 31, 2020.
4. The payment of interest on May 1, 2021.

Account	Debit	Credit