Entries for Issuing and Calling Bonds; Gain Emil Corp. produces and selx wind-energy-driven engines. To finance ex operations, Emil Corp. Ised $1,681,000 of 25-year, 8% 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. Journalize the entries to record the following selected transactions: 2011 May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bands. 2015 Nov. L Called the band issue at 98, the rate provided in the bond Indenture. (Omit entry for payment of interest.) Issued the bonds for cash at their face amount. If an amount box does not require an entry, leave it blank. 2011, May 1 Cash 11.000 Bonds Payable Food Check Work Correct 1,681,000 Paid the interest on the bonds. If an amount box does not require an entry, leave it blank 2011, Nov. 1 Interest Expense Cash 1 51,240 Food Check Work Correct Called the bond issue at 98, the rate provided in the bond indenture. (Omit entry for payment of interest.) If an amount box does not require an entry, leave it blank. 2015, Nov. 1 Bonds Payable Gain on Redemption of Bonds Cash 11.000 1,530, X D 1,714AM X