Entries for Issuing and Calling Bonds; Gain Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $1,471,000 of 10-year, 8% callable bonds on May 1, 20Y1, 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: 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 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. 20Y1, May 1 Paid the interest on the bonds. If an amount box does not require an entry, leave it blank. 20Y1, Nov. 1 Called the bond issue at 96, 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.

Entries for L5suing and Calling Bonds; Gain Emil Corp. produces and sells wind-eneroy-driven engines. To finance its operations, Emi Corp, issued $1,471,000 of 10 -year, 8% callable bonds on May 1, 20Y1, at thelr face amount, with interest payable on May 1 and November 1 . The fiscal year of the company is the calendar yeat. Journalize 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. Nov. 1 Called the bond issue at 96 , the rate provided in the bend indenture. (Omit entry for payment of interest.) Issued the bonds for cash at their face amount. If an amount box does not reguire an entry. Ieave it blank: 20y1, MaY 1 Paid theinterest on the bonds. If an amount box does not require an entry. leave it biank 20x1, Nov, 1 Called the bond istue at 95 , the rate provided in the docd ydunture. (Omit entry for payment of interest) if an amount box does nok reaulce an entry. Jeave it blank. Called the bond isse at 96 , the rate provided in the bond indenture. (Omit entry for payment of internst.) If an amount box does not require an entry, leave it blank