m 11-3A eBook Show Me How Entries for bonds payable, including bond redemption nstructions Chart of Acounts Journal Final Questons Journal Final Questions Instructions The following transactions were completed by Winklevoss inc, whose fiscal year is the calendar year Year 1 issued S74 ,000,000 of 20-year, 11% callable bonds dated July 1. Year 1, at a market (effective) rate of 13%, receiving cash of S63. 532.267. Interest is payable semiannually on December 31 and June 30. July 1 Dec 31 Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment 31 Closed the interest expense account Year 2 June 30 Paid the semiannual interest on the bonds The bond discount amortization of $261,693 is combined with the semiannual interest payment 31 Paid the semiannual interest on the bonds The bond discount amortization of $261.693 is combined Dec 31 Closed the interest expense account