Adele Corp., a wholesaler of music equipment, issued $6,880,000 of 15-year, 13% callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. 20Y1 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. 20Y5 Sept. 1 Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) Journalize the entries to record the above selected transactions. Question Content Area Issued the bonds for cash at their face amount. 20Y1 Mar. 1 Feedback Area Feedback Partially correct Question Content Area Paid the interest on the bonds. 20Y1 Sept. 1 Feedback Area Feedback Partially correct Question Content Area Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) For a compound transaction, if an amount box does not require an entry, leave it blank. 20Y5 Sept. 1 Feedback Area Feedback The gain or loss is the balancing amount needed to complete the entry and is the difference between the carrying amount of the bonds and the redemption price. A corporation usually redeems its bonds at a price different from that of the carrying amount of the bonds