Thoman Co. produces and distritutes seniconductors for use by computer manufacturers. Thomson issued $450,000 of...
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Thoman Co. produces and distritutes seniconductors for use by computer manufacturers. Thomson issued $450,000 of 15 -year, 8% bonds on May I of the curreir witi interest poyibie on May 1 and November 1. The fiscal year of the compary is the calendar year. May 1 lssued the bonds foc cast at their face amount. Nok 1 Pail the ieternst on the bonds. Dec. 31 flecorded actrued interest for two months
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