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Adele Corp., a wholesaler of music equipment, issued $16,930,000 of 10-year, 12% callable bonds on March 1, 20Y1, at their face amount, with interest payable

Adele Corp., a wholesaler of music equipment, issued $16,930,000 of 10-year, 12% 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. 1Issued the bonds for cash at their face amount.
Sept. 1Paid the interest on the bonds.
20Y5
Sept. 1Called the bond issue at 103, the rate provided in the bond indenture. (Omit entry for payment of interest.)


Journalize the entries to record the above selected transactions.

Issued the bonds for cash at their face amount.

20Y1 Mar. 1







Paid the interest on the bonds.

20Y1 Sept. 1







Called the bond issue at 103, 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










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