=+The fiscal year of Russell Inc., a manufacturer of acoustical supplies, ends December 31. Selected transactions for the period 2009 through 2016, involving bonds payable issued by Russell Inc., are as follows: 2009 June 30. Issued $2,000,000 of 25-year, 7% callable bonds dated June 30, 2009, for cash of $1,920,000. Interest is payable semiannually on June 30 and December 31.