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How do journalize entries to record the selected transaction

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Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $270,000 of 25-year, 7% 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.

Problem 1: Journalize the entries to record the above selected transactions for the current year. If an amount box does not require an entry, leave it blank.

Reference no: EM132751673

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