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genow.com/ir/takeAssignment/take Assignment Main.do?invokeretakeAssignmentSessionlocator&inprogressefalse eBook Show Me How Calculator Instructions vesents cuired by Soto Industries Inc. is an footware company that began operations on January 1, Year 1. The following transactions relate tot Solo Industries Inc., which has a fiscal year ending on December 31 Record these transactions on page 10 Year 1 Apr 1 SHEET 1 Purchased 5100 000 of Welch ca 15 year bonds at the face amount ac e st of $500. The bonds pay interest semiannually on March 1 and September 1 Purchased 5210,000 of Baley #%10-year bonds at the face amount plus accrued interest of 5700 The bonds painterests on May 1 and November 1 Received semiannual rest on the Wech bond Sold 540,000 of Welch Co bonds at 7 plus accrued interest of 200 Received sem i nterest on the Baley bonds Accred 51200 rest on the Welch o bonds Accrued 51,400 trest on the taley bonds 31 31 Record these anachons on page 1 Yea (Previous eBook Show Me How Calculator Record these transactions on page 11 Year 2 Mar. May 1 1 Received semiannual interest on the Welch Co. bonds. Received semiannual interest on the Bailey bonds. Required: 1. Journalize the entries to record these transactions. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries 2. If the bond portfolio is classified as available for sale, what impact would this have on financial statement disclosure? Journal 1a Journalize the entries to record Year 1 transactions. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices to text entries JOURNAL ACCOUNTING EQUATION ASSETS HABILITIES EQUITY Check My Work