Entries for Issuing and Caling Bonds; Gain Emil Co produces and sells wind energy driven engines. To ance its o e ations, E 1 Co issued su o interest payable on May 1 and November 1. The fiscal year of the company is the calendar year ournalize the entries to record the following selected transactions: 20Y1 May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bonds 20Y5 Nov. 1 Called the bond issue at 96, the rate provided in the bond indenture. (Omit $621,000 of r 10-year 10-year, 8% callable bonds on May 1. 8%, ca a e nos on ny 1 2012 t their ace a un n entry for payment of interest.) 20Y1 May 1 Paid the interest on the bonds 20Y1 Nov.1 Called the bond issue at 96, the rate provided in the bond Indenture. (Omit entry for payment of interest.) For a compound transaction, if an amount box does not require an entry, leave t blank 20YS Nov