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Emil Corp. produces and not wnd-energy-driven onginos. To finance is operations, Emil Corp, issued $19,600,000 of 20 year, 7% calable bonds on May 1, 2011,
Emil Corp. produces and not wnd-energy-driven onginos. To finance is operations, Emil Corp, issued $19,600,000 of 20 year, 7% calable bonds on May 1, 2011, at their face amount with interest payablo on May 1 and November 1. The fiscal your of the company in the calendar year. Jounaize the entries to record the following selected transactions. He sure to holude the year in Ino dato for the entries recording the issue and calling of the bonds, Peter to w Chart of Accounts for exact wording of account ities. 2011 May 1 Issued the bonds for cash at their face amount Paid the interest on the bonds. Nov. 1 2015 Now 1 Called the bond issue at 99, the rate provided in the bond indenture. (Omit entry for payment of interest PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF DOMT CRENT ASSETS LALTIES EQUITY 1 2 Journalire the entry to record the selected transaction. Refer to the Chart of Accounts for exact wording of account titles PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POSTRE DENT CDI ASSETS LIABILITIES EQUITY 1
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