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Bond loss Entries for issuing and calling bonds; loss Hoover Corp., a wholesaler of music equipment, issued $10,000,000 of 20 -year, 5% callable bonds on

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Entries for issuing and calling bonds; loss Hoover Corp., a wholesaler of music equipment, issued $10,000,000 of 20 -year, 5% callable bonds on March 1,20Y2, at their face amount, with interest payable on March 1 and September 1 . The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 20Y2 March 1 Issued the bonds for cash at their face amount. September 1 Paid the interest on the bonds. 20Y4 September 1 Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.)

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