lem On January 1, 2017, wells Fargo issued a $2,500,000, lO year, 5.5% installment note payable with payments of $250,000 principal plus interest due on January 1 of each year for the next 10 years. 1. 1. Prepare the adjusting journal entry at December 31, 2017 to accrue interest for the year. 2. Show the account(s) and amount(s) and where it will appear on a multi-step income statement prepared on December 31, 2017. 3. Show the account(s) and amount(s) and where they will appear on a classified balance sheet prepared on December 31, 2017 (hint, think current & long term). On April 30, 2018, Amazon issued $50,000,000 of 10-year, 4.25% bonds, dated April 30, for 102.5. Present entries to record the following transactions (2-4): 2. Amazon (1) Explain what "102.5" means in issuing these bonds. (2) Issuance of bonds. (3) Payment of first semiannual interest on October 31, 2018. (4) Amortization by straight-line method of bond premium on October 31, 2018