Parilo Company acquired $158,400 of Makofske Co., 6% bonds on May 1, 2016, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, 2016, Parilo Company sold $47,400 of the bonds for 95. Joumalize entries to record the following (refer to the Chart of Accounts for exact wording of account titles): May 1 Initial acquisition of the bonds Nov. 1 Semiannual interest received 1 Sale of the bonds Dec. 31 Accrual of $1,110 interest = JOU RNAL Journalize entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 DATE DBCRIPTION POSI. REF. DEBIT CREDIT Adjusting Entries