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Brubeck Co. Issued $10,000,000 of 30-year, 8% callable bonds on May 1 of Year 1, with interest payable on May 1 and November 1. The

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Brubeck Co. Issued $10,000,000 of 30-year, 8% callable bonds on May 1 of Year 1, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: a. Issued the bonds for cash at their face amount. If an amount box does not require an entry, leave it blank. Cash 10,000,000 Bonds Payable 10,000,000 b. Paid the interest on the bonds on November 1 of Year 3. If an amount box does not require an entry, leave it blank. Interest Expense 400,000 Cash 400.000 c. Called one fourth of the bonds at 104, the rate provided in the bond indenture, on May 1 of Year 10. (Omit entry for payment of interest.) If an amount box does not require an entry, leave it blank. Bonds Payable Loss on Redemption of Bonds Cash

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