Gillooly Co$.$ purchased $$99,000$ of $10\%,20-$year Lumpkin County bonds on May $11,$ Year $1,$ directly from the county, at their face amount plus accrued interest. The bonds pay semiannual interest on April $1$ and October $1.$ On October $31,$ Year $1,$ Gillooly Co$.$ sold $$32,400$ of the Lumpkin County bonds at $97$ plus $$270$ accrued interest less a $$105$ brokerage commission.

Required:

Journalize the entries to record the following:

a$.$ The purchase of the bonds on May $11$ plus $40$ days of accrued interest.$*$

b$.$ Semiannual interest on October $1.*$

c$.$ Sale of the bonds on October $31.*$

d$.$ Adjusting entry for accrued interest on December $31,$ Year $1.*$

e$.$ The receipt of the face value of the remaining bonds at their maturity on April $1,$ Year $20.*$

$*$Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Assume a $360-$day year. Do not round your intermediate calculations and round final answers to the nearest dollar.