P9-50A (similar to) Question Help The board of directors of Circuits Plus authorized the issue of $6,000,000 of 9%, 25-year bonds payable. The semiannual interest dates are May 31 and November 30. The bonds are issued on May 31, 2018, at par. Read the requirements. Journal Entry 2018 Date Accounts i Requirements – 31 Cash May Bonds Payable 1. Journalize the following transactions: a. Issuance of half of the bonds on May 31, 2018 b. Payment of interest on November 30, 2018 b. Payment of interest on November 30, 2018 c. Accrual of interest on December 31, 2018 Journal Entry d. Payment of interest on May 31, 2019 2. Report interest payable and bonds payable as they would appear on the company's balance sheet at December 31, 2018 Date 2018 Accounts 30 Interest Expense Nov

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