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Entries for issuing and calling bonds: gain Chart of Accounts Journal Instructions Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp.

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Entries for issuing and calling bonds: gain Chart of Accounts Journal Instructions Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $11,200,000 of 20-year, 9% callable bonds on May 1, 2011, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Required: Journaize the entries to record the following selected transactions Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered 2011 May 1 issued the bonds for cash at their face amount Nov 1 Paid the interest on the bonds 2015 Chart of Accounts Journal Instructions Required: Journalize the entries to record the following selected transactions. Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered 2011 May 1 Issued the bonds for cash at their face amount. Paid the interest on the bonds. Nov 1 2015 Nov Called the bond issue at 97 the rate provided in the bond indenture. (Omit entry for payment of interest

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