m Cengage Learning - Google Chrome gnmentMain.do?inprogress=true Calculator Print Item Entries for Bonds Payable and Installment Note Transactions The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: Year 1 July 1. Issued $2,630,000 of five-year, 8% callable bonds dated July 1, Year 1, at a market (effective) rate of 10%, recel $2,426,920. Interest is payable semiannually on December 31 and June 30. Oct. 1. Borrowed $120,000 by issuing a 10-year, 7% installment note to Nicks Bank. The note requires annual payments first payment occurring on September 30, Year 2. Dec. 31. Accrued $2,100 of interest on the installment note. The interest is payable on the date of the next installment note 31. Paid the semiannual interest on the bonds. The bond discount amortization of $20,308 is combined with the semia payment. Year 2 June B. Paid the semiannual interest on the bonds. The bond discount amortization of $20,308 is combined with the semia payments Sept. 30. Paid the annual payment on the note, which consisted of interest of 8.400 and principal of $8,685. Dec. 31. Accrued 1949 of interest on the installment note. The interest is payable on the date of the next installment note an m Cengage Learning - Google Chrome gnmentMain.do?inprogress=true Calculator Print Item Entries for Bonds Payable and Installment Note Transactions The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: Year 1 July 1. Issued $2,630,000 of five-year, 8% callable bonds dated July 1, Year 1, at a market (effective) rate of 10%, recel $2,426,920. Interest is payable semiannually on December 31 and June 30. Oct. 1. Borrowed $120,000 by issuing a 10-year, 7% installment note to Nicks Bank. The note requires annual payments first payment occurring on September 30, Year 2. Dec. 31. Accrued $2,100 of interest on the installment note. The interest is payable on the date of the next installment note 31. Paid the semiannual interest on the bonds. The bond discount amortization of $20,308 is combined with the semia payment. Year 2 June B. Paid the semiannual interest on the bonds. The bond discount amortization of $20,308 is combined with the semia payments Sept. 30. Paid the annual payment on the note, which consisted of interest of 8.400 and principal of $8,685. Dec. 31. Accrued 1949 of interest on the installment note. The interest is payable on the date of the next installment note an