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Take me to the text On April 30, 2016, a company issued $650,000 worth of...

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Accounting

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Take me to the text On April 30, 2016, a company issued $650,000 worth of 7% bonds at par. The term of the bonds is 7 years, with interest payable semi-annually on October 31 and April 30. The year end of the company is November 30. Record the journal entries related to interest for 2016 and 2017. Note that interest must be accrued at the end of each year. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole dollar. For transactions with more than one debit enter the debit accounts in alphabetical order. Account Title and Explanation Debit Credit Date Oct 31 2016 . e Payment of bond interest Nov 30, 2016 . . Accued interest on bonds at year end Apr 30, 2017 . . Payment of bond interest Oct 31, 2017 Payment of bond interest Nov 30 2017 e Accrued interest on bonds at year-end Check

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