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eBOOK E Show Me HOW Calculator Entries for investment in bonds, interest, and sale of bonds Journal Instructions Gonzalez Company acquired $200,000 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 $70,000 of the bonds for 97 Journalize entries to record the following in Year 1 (refer to the Chart of Accounts for exact wording of account titles): a. b. The initial acquisition of the bonds on May 1. The semiannual interest received on November 1. The sale of the bonds on November 1 The accrual of $1,300 interest on December 31. d. Chart of Accounts CHART OF ACCOUNTS Gonzalez Company Generallariner Journalize entries to record the transactions. Refer to the Chart of Accounts for exact wording of accounties JOURNAL ACCOUNTING EQUATION Adjusting Entries Check My Work