Entries for Bonds Payable, including bond redemption The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: Year 1 July 1. Issued $3,930,000 or five-year, 7 calable bands dated July 1, Year 1, ot a market (effective) rate of 3%, receiving cash of $4,567,848. Interestis payable semiannually on December 31 and June 30 Dec. 31. Paid the semiannual interest on the bonds. The band discount amortization of $36,215 is combined with the semiannual intr ayment Dec. 31. Closed the interest expense account. Year 2 June 30. Paid the semiannual interest on the bonds. The bond discount amortization of $36,215 is combined with the semiannual interest payment. Dec. 31. Paid the semiannual interest on the bonds. The band discount amortization of $36,215 is combined with the semiannual interest payment Dec. 31. Closed the Interest expense account Year 3 June 30. Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $217.292 after payment of interest and amortization of discount have been recorded. (Record the redemption only) Required: 1. Joumalize the entries to record the foregoing transactions. If an amount box does not require an entry, leave it blank or enter" When required, round your answe to the nearest dollar Date Account Debit Credit Year 1 July 1 Cash 8,567,848 Discount on bonds payable 8,930,000 Bonds payable