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Emal Corp, produces and selis wind-energy-driven engines. To finance its operations, Emil Corp. issued $347,000 of 15 -year, 13% callable bonds on May 1,20 r,

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Emal Corp, produces and selis wind-energy-driven engines. To finance its operations, Emil Corp. issued $347,000 of 15 -year, 13% callable bonds on May 1,20 r, at their face amount, 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: 20Yr May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bonds. 20ors Nov: 1 Called the bond issue at 98 , the rate provided in the bond indenture. (Omit entry for porment of interest.) Issued the bonds for cash at their foce amount. If an amount box does not require an entry, leave it blank. 20OY1,Mor1 Pald the interest on the bonds. If an amount box does not require an entr, leave it blank. 201, Nov, 1 Calied the bond isue at 9k, the rote provided in the bond inoentare. (Omit entry for payment of impereu.) If an amoune pax soes not require an entry, leave it blank. 20Y5, Nov. 1

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