Entries for Bonds Payable, including bond redemption The following transactions were completed by Windevoss Inc., whose fiscal year is the calendar year Year: July 1. Issued 51.910,000 of five year, 7% callable bonds dated July 1, Year 1 ot a market (effective) rate of receiving cash of $1,758,868. Interestis payable semiannually on December 31 and June 30. Dec. 31. Pald the semiannual interest on the bonds. The bond discount amortization of $15,113 is combined with the manual interest payment Dec. 31. Closed the interest expense account Year 2 June 30. Pald the semiannual interest on the bonds. The bond discount amortization of $15,113 is combined with the semiannual interest payment Dec 31. Paid the semiannual interest on the bonds. The bond discount amortization of $15,113 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 $90,680 after payment of interest and amortization of discount have been recorded. (Record the redemption only) Required: 1. Journalize the entries to record the foregoing transactions, if an amount box does not require an entry, leave it blank or enter to When required, round your answers to the nearest dollar Date Account Debit Credit Year 1 July 1 Check My Work Previous Save and Exit Submit Assignment for Grading DOOR Show Me How Required: 1. Journalize the entries to record the foregoing transactions. If an amount box does not require an entry leave it blank or enter"0" When required, round your answers to the nearest dollar Date Account Debit Credit Year! July 3 Dec. 31-Bond Dec. 31.Closing III I III [Year 2 June 30 Dec 31-Bond eBook Show Me How - Dec. 31-Bond I III Dec. 31-Closing Year 3 June 30 2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2 2. Year 1 b. Year 2 3. Determine the carrying amount of the bonds as of December 31, Year 2. Check My Work