Chapter 11 Liabilities: Su Obj. 2 ssued $30,000,000 of 20-year, 8% callable bonds DW ME HOW on March 1, Year 1, at their face amount, with interest payable on March 1 and September 1. The EX 11-5 Entries for issuing and calling bonds; loss Hoover Corp., a wholesaler of music equipment, i year of the company is the calendar year Journalize the entries to record the following selected transactions: Year 1 Mar. 1. Issued the bonds for cash at their face amount. Sept. 1. Paid the interest on the bonds. Sept. 1. Called the bond issue at 101.5, the rate provided in the bond indenture. (Omit entry for payment Ye called est) of interest.)