Entries for Investment in Bonds, Interest, and Sale of Bonds On November 1 Gonzalez Company acquired $208,800 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1 Gonzalez Company sold $58,800 of the bonds for 98. ournalize 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 b. The semiannual Interest received on November 1. Nov.1 c. The sale of the bonds on November 1. Nov.1 d. The accrual of $1,500 interest on December 31. Dec. 31