PR 14-4A Entries for bonds payable and installment note transactions The following transactions were completed by Winklevoss Inc., whose fiscal OBJ. 3,4 ose fiscal year is the calendar year: Year 1 July 1, Issued $74,000,000 of 20-year, 11% callable bonds dated July 1, Year 1, 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, Year 2. the date of the next installment note payment. $261,693 is combined with the semiannual interest payment. Dec. 31. Accrued $3,000 of interest on the installment note. The interest is payable on 31. Paid the semiannual interest on the bonds. The bond discount amortization of Year 2 June 30. Paid the semian Sept. 30. Paid the annual payment on the note, which consisted of interest of $12,000 Dec. 31. Accrued $2,570 of interest on the installment note. The interest is payable on nual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment. and principal of $28,673. the date of the next installment note payment. $26 31. Paid the semiannual interest on the bonds. The bond discount amortization of 1.693 is combined with the semiannual interest payment