Instructions Chart of Accounts Journal Final Questions Instructions The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: Year 1 July 1 Issued $71,900,000 of 20-year, 6% callable bonds dated July 1, Year 1, at a market (effective) rate of 7%, receiving cash of $64,222,669. Interest is payable semiannually on December 31 and June 30. Paid the semiannual interest on the bonds. The bond discount amortization of $191,933 is combined Dec. 31 with the semiannual interest payment. Closed the interest expense account 31 Year 2 June 30 Paid the semiannual interest on the bonds. The bond discount amortization of $191,933 is combined with the semiannual interest payment Paid the semiannual interest on the bonds. The bond discount amortization of $191,933 is combined Dec. 31 with the comiannual interaet nument Journal 1a. Journalize the entries to record the Year 1 transactions. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 3