Entries for Bonds Payable and Installment Note Transactions

The following transactions were completed by Montague Inc., whose fiscal year is the calendar year:

Year 1
July 1.	Issued $55,000,000 of 10-year, 9% callable bonds dated July 1, Year 1, at a market (effective) rate of 7%, receiving cash of $62,817,040. Interest is payable semiannually on December 31 and June 30.
Oct. 1.	Borrowed $450,000 by issuing a six-year, 8% installment note to Intexicon Bank. The note requires annual payments of $97,342, with the first payment occurring on September 30, Year 2.
Dec. 31.	Accrued $9,000 of interest on the installment note. The interest is payable on the date of the next installment note payment.
Dec. 31.	Paid the semiannual interest on the bonds. The bond premium amortization of $390,852 is combined with the semiannual interest payment.
Year 2
June 30.	Paid the semiannual interest on the bonds. The bond premium amortization of $390,852 is combined with the semiannual interest payment.
Sept. 30.	Paid the annual payment on the note, which consisted of interest of $36,000 and principal of $61,342.
Dec. 31.	Accrued $7,773 of interest on the installment note. The interest is payable on the date of the next installment note payment.
Dec. 31.	Paid the semiannual interest on the bonds. The bond premium amortization of $390,852 is combined with the semiannual interest payment.
Year 3
June 30.	Recorded the redemption of the bonds, which were called at 103. The balance in the bond premium account is $6,253,632 after payment of interest and amortization of premium have been recorded. Record the redemption only.
Sept. 30.	Paid the second annual payment on the note, which consisted of interest of $31,093 and principal of $66,249.

Required:

1. Journalize the entries to record the foregoing transactions in chronological order. For a compound transaction, if an amount box does not require an entry, leave it blank. When required, round amounts to the nearest dollar.

Date	Account	Debit	Credit
Year 1
July 1	Cash	fill in the blank 2	fill in the blank 3
	Premium on Bonds Payable	fill in the blank 5	fill in the blank 6
	Bonds Payable	fill in the blank 8	fill in the blank 9
Oct. 1	Cash	fill in the blank 11
	Notes Payable		fill in the blank 13
Dec. 31	Interest Expense	fill in the blank 15
	Interest Payable		fill in the blank 17
Dec. 31	Interest Expense	fill in the blank 19	fill in the blank 20
	Premium on Bonds Payable	fill in the blank 22	fill in the blank 23
	Cash	fill in the blank 25	fill in the blank 26
Year 2
June 30		fill in the blank 28	fill in the blank 29
		fill in the blank 31	fill in the blank 32
		fill in the blank 34	fill in the blank 35
Sept. 30		fill in the blank 37	fill in the blank 38
		fill in the blank 40	fill in the blank 41
		fill in the blank 43	fill in the blank 44
		fill in the blank 46	fill in the blank 47
Dec. 31		fill in the blank 49
			fill in the blank 51
Dec. 31		fill in the blank 53	fill in the blank 54
		fill in the blank 56	fill in the blank 57
		fill in the blank 59	fill in the blank 60
Year 3
June 30		fill in the blank 62	fill in the blank 63
		fill in the blank 65	fill in the blank 66
		fill in the blank 68	fill in the blank 69
		fill in the blank 71	fill in the blank 72
Sept. 30		fill in the blank 74	fill in the blank 75
		fill in the blank 77	fill in the blank 78
		fill in the blank 80	fill in the blank 81
		fill in the blank 83	fill in the blank 84

2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2.

a. Year 1	$fill in the blank 85
b. Year 2	$fill in the blank 86

3. Determine the carrying amount of the bonds as of December 31, Year 2. $fill in the blank 87

not sure if the answers I have so far are correct