Entries for issuing and calling bonds; gain

Mia Breen Company produces and sells wind$-$energy$-$driven engines. To finance its operations, Mia Breen issued $$1,518,000$ of $15-$year, $11\%$ callable bonds on May $1,20$Y$5,$ 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:

$20Y5$

May $1$

Issued the bonds for cash at their face amount.

November $1$ Paid the interest on the bonds.

$20Y9$

November $1$ 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.

Issued the bonds for cash at their face amount.

$20Y5$ May $1$ Cash $-$

Bonds Payable $-$

Paid the interest on the bonds.

$20Y5$ Nov. $1$ Interest Expense

Cash $-$

Called the bond issue at $98,$ the rate provided in the bond indenture. $($Omit entry for payment of interest.$)$

$20$ Y$9$ Nov, $1$ Bonds Payable

Gain on Redemption of Bonds

$$

Cash.

$$

$$

$$