Bocelli Co. purchased $108,000 of 6%, 20-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amount plus accrued interest. The bonds pay semiannual interest on April 1 and October 1. On October 31, Year 1, Bocelli Co. sold $28,800 of the Sanz County bonds at 97 plus $144 accrued interest less a $80 brokerage commission Provide journal entries for the following (refer to the Chart of Accounts for exact wording of account sties): a The purchase of the bonds on May 11 plus 40 days of accrued interest: assume a 360-day year. b Semiannual interest on October 1. a Sale of the bonds on October 31. d Adjusting entry for accrued interest of $1,188 on December 31, Year 1. 10 12 DATE DESCRIPTION PAGE 10. ACCOUNTING EQUATION JOURNAL POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY