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Entries for 1ssuing and Caliling Bonds; Loss Hoover Corp., a wholesaier of music equipment, issued $15,650,000 of 20 -year, 9% callable bonds on March 1,20Y2,

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Entries for 1ssuing and Caliling Bonds; Loss Hoover Corp., a wholesaier of music equipment, issued $15,650,000 of 20 -year, 9% callable bonds on March 1,20Y2, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. 20Y2 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on tha bonds. 20ra Sept. 1 Called the bond issue at.103, the rate provided in the bond indenture. (Omit entry for payment of interest.) It an amount box does not require an entry, teave it blank. Journaize the entries to record the above selected transoctions. 1ssued the bonds for cash at their foce amount. Colled the bond iosue ot 103, the rote proyided in the oond hoentuno. (Omit entry for poyment of interest) Called the bond issue at 103 , the rate provided in the bond indenture. (Omit entry for payment of interest.)

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