Entries for Investment in Bonds, Interest, and Sale of Bonds bonds for 98 . Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. Gonzalez Company acquired $163,200 of Walker Co., 8% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1 bonds for 98 . Joumalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. May 1 d. The accrual of 51,488 interest on December 31