Eneries for isfuing and colling bandsy gain paryabie on May 1 and November 1 . The bacal year of the company is the calendar year: Lurnalise the entries to record the following velected tramsactions Mar 1 lusued the bonds for cash at their face amount. November 1 Paid the interest on the bonds. 20rg November 1 Called the bend lisue of 56 , the rate provided in the bond inderture. (Omit enery for parment of interest.) If an amount bok doen not reouire an entry, leave it blank. tsasd the bonds for cash at their face ambunt. fomes Aonds poyable in almays recerded at tase value Fuid the imterelt on the bondn. 20rmov/1 Called the bond issue at 96 , the rate provided in the bond indentire. (Omit entry for psyment of interest.) 209 Festinas rowa ky won The gain or loss is the balancing amount needed to complete the entry and is the dfference between the carrying amount of the bonds and the redernetion prict. A corporation usualiy redeems is bonds at a price different freen that of the carying amount of the bonds