Gonzalez Company acquired $158,400 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $47,400 of the bonds for 95.

Journalize entries to record the following in Year 1 (refer to the Chart of Accounts for exact wording of account titles):

a.	The initial acquisition of the bonds on May 1.
b.	The semiannual interest received on November 1.
c.	The sale of the bonds on November 1.
d.	The accrual of $1,110 interest on December 31.