The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year:

2016
July	1	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.
Oct.	1	Borrowed $200,000 by issuing a six-year, 6% installment note to Nicks Bank. The note requires annual payments of $40,673, with the first payment occurring on September 30, 2017.
Dec.	31	Accrued $3,000 of interest on the installment note. The interest is payable on the date of the next installment 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.
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 installment 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 were called at 98. The balance in the bond discount account is $9,420,961 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:

1.

Journalize the entries to record the foregoing transactions. Round all amounts to the nearest dollar. Be sure to include the year in the date for the entries. Refer to the Chart of Accounts for exact wording of account titles.

2.

Indicate the amount of the interest expense in (a) 2016 and (b) 2017.

3.

Determine the carrying amount of the bonds as of December 31, 2017.

The items is BOLD are incorrect and those are the ones I need help with......

DATE	DESCRIPTION	DEBIT	CREDIT
Jul. 1 2016	Cash	63532267
	Discount on Bonds Payable	10467733
	Bonds Payable		74000000
Oct. 1	Cash	200000
	Notes Payable		200000
Dec. 31	Interest Expense	4331693
	Discount on Bonds Payable		261693
	Cash		4070000
	Income Summary	3000
	Interest Expense		3000
Jun 30	Interest Expense	4331693
	Discount on Bonds Payable		261693
	Cash		4070000
jun 30	Notes Payable	28673
	Interest Payable	3000
	Interest Expense	9000
	Cash		40673
Sep 30	Interest Expense	3000
	Interest Payable		3000
dec 31	Interest Expense	??????
	Discount on Bonds Payable		??????
	Cash		??????
dec 31	Income Summary	??????
	Interest Expense		??????
Dec 31	Interest Expense	??????
	Interest Payable		??????
Jun. 30, 2018	Bonds Payable	74000000
	????????????????	7940961
	Discount on Bonds Payable		9420961
	Cash		72520000
Sep. 30, 2018	Notes Payable	??????
	Interest Expense	??????
	Interest Payable	??????
	Cash		??????