Question: entries for issuing bonds thomson co produces and distributes semiconductors...
Entries for Issuing Bonds
Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson Co. issued $180,000 of 15-year, 11% 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.|
|Nov. 1||Paid the interest on the bonds.|
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.