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Business, 31.07.2019 19:20 PastelHibiscus

Entries for issuing bonds thomson co. produces and distributes semiconductors for use by computer manufacturers. thomson co. issued $930,000 of 15-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. journalize the entries to record the above selected transactions for the current year.

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