Calculator Show Me How s for bonds payable and installment note transactions Chart of Accounts Journal Final Questions ructions following transactions were completed by Winklevoss Inc, whose fiscal year is the calendar year: 2016 July 1 issued $58,800,000 of 20-year, 11% callable bonds dated July 1, 2016, at a market (effective) rate of 13%, receiving cash of $50,482,396. Interest is payable seman December 31 and June 30. Borrowed $320,000 by issuing a six-year, 5% installment note to Nicks Bank. The note 2017 requires annual payments of $63,046, with the first payment occurring on September 30, Accrued $4,000 of interest on the installment note. The interest is payable on the date of the next installment note payment nually Oct. 1 Dec. 31 31 Paid the semiannual interest on the bonds. The bond discount amortization of $207,940 is combined with the semiannual interest payment. 31 Closed the interest expense account. 2017 Paid the semiannual interest on the bonds. The bond dscount amort zat on of S 207,940 is combined with the semiannual interest payment Paid the annual payment on the note, which consisted of interest of s16.000 and princpal of $47,046, Accrued $3,412 of interest on the instalment note. The interest is payable on the date of the next insta iment note payment Paid the semiannual interest on the bonds The pond discount amortization of s207,940 is June 30 Sept. 30 Dec. 31 31 Check My Wor 3 more Check My Work uses remain II work saved. 10