Show Me How Calculator rles for bonds payable and installment note transactions Journal Final Questions Instructions Chart of Account structions he following transactions were completed by Winklevoss Inc., whose fiscall year is the calendar year 2016 issued $74,000,000 of 20-year, 11% callable bonds dated July 1, 2016, at a market (effective) rate of 13%, receiving cash of $63,532,267. Interest is payable semiannually on December 31 and June 30. Borrowed S200.000 by issuing a sax-year, 6% rstallment note to Nicks Bank. The note requires annual payments of $40,673, with the frst payment occurring on September 30, 2017 Accrued $3,000 of iterest on the instaliment note. The niterestis payable on the date of the next July 1 I Doc. 3 nstallment note payment. Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment 31 31 Closed the interest expense account 2017 June 30 Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment Sept. 30 Paid the annual payment on the note, which consisted of interest of $12,000 and principal of $28,673. Dec. 31 Accrued $2,570 of interest on the installment note. The interest is payable on the date of the next nstaliment note payment 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 2018 June 30 Recorded the redemption of the bonds, which wore called at 98. The balance in the bond discount account is 39,420,961 after payment of interest and amortization of discount have been recorded. (Record the redemption only) Sept 30 Paid the second annual payment on the note, which consisted of interest of $10,280 and principal of 30,393 Required heck My Work All work saved