thomson co. produces and distributes semiconductors for use by computer manufacturers. thomson issued $480,000 of 15-year, 12% 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. date transaction may 1. issued the bonds for cash at their face amount. november 1. paid the interest on the bonds. december 31. recorded accrued interest for 2 months. 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. date account debit credit may 1 cash cash 480,000 cash bonds payable bonds payable bonds payable 480,000 nov. 1 interest expense interest expense 60,000 interest expense cash cash cash 60,000 dec. 31 interest expense interest expense 40,000 interest expense interest payable interest payable interest payable 40,000