Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $190,800 of Walker Co., 5% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. on November 1, Gonzalez Company sold $57,000 of the bonds for 99. 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. 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 $1,115 interest on December 31 Dec. 31 Next Check My Work 2 more Check My Work main 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. 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 99 d. The accrual of $1,115 interest on December 31 Dec. 31 Check My Work 2 more Check My Work uses remaining, Next >