Business, 16.06.2021 15:40 jaxondbagley

Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $570,000 of 15-year, 12% 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.
Dec. 31 Recorded accrued interest for two months.

Required:
Journalize the entries to record the above selected transactions for the current year.

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Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issue...