Entries for bonds payable, including bond redemption Instructions Chart of Accounts Journal Final Questions Instructions The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: 20Y1 July 1 Issued $74,000,000 of 20-year, 11% callable bonds dated July 1, 20Y1, at a market (etfective) rate of 13%, receiving cash of $63,532,267. Interest is payable semiannually on December 31 and June 30. Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment. Dec 31 20Y2 June 30 Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment Pald the semiannual Interest on the bonds. The bond discount amortization of $261,893 is combined with the semiannual interest payment. Deo 31 2013 Juno 30 Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $9,420,961 after payment of interest and amortization of discount have been recorded. (Record the redemption only) Required: 1. Journalize the entries to record the transactions. Round all amounts to the nearest dollar. Refer to the Chart of Accounts for exact wording of account titles 2. Indicate the amount of the interest expense in (a) 2071 and (b) 20Y2. 3. Determine the carrying amount of the bonds as of December 31, 2012 2. Indicate the amount of the interest expense in (a) 20Y1 and (b) 20Y2. Enter amounts as positive number. 20Y1: $ 20Y2: 3. Determine the carrying amount of the bonds as of December 31, 20Y2