Entries for Issuing and Calling Bonds; Gain Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $348,000 of 20 year, 10% calable bonds on May 1, 2015, 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 2045 May 1 Issued the bonds for cash at their face amount Nov. 1 Paid the interest on the bonds. 2079 Nov. 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 2015 May 1 Cash 38.000 Afonds Payable 48.000 Paid the interest on the bonds 2015 Nov. 1 Interest Expense Cash 88 Previous Next Issued the bonds for cash at their face amount. 348,000 2015 May 1 Cash Bonds Payable 348,000 Feedback Paid the interest on the bonds. 2015 Nov. 1 Interest Expense Cash Feedback Called the bond issue at 98, the rate provided in the bond indenture. (Omit entry for payment of interest 2049 Nov. 1 Bonds Payable Gain on Redemption of Bonds Cash Feedback