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Entries for issuing and calling bonds: gain Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mla Breen issued $591,000 of 10

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Entries for issuing and calling bonds: gain Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mla Breen issued $591,000 of 10 year, 10% callable 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 Issed the bands for cash at their face amount. November 1 Paid the interest on the bonds. 2049 November 1 called the bond issue at 98, the rate provided in the bond Inderiture. (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 Debit Credit Date Account 2015 May Paid the interest on the bonds Date Account Debit Credit 2015 No. 1 Paid the interest on the bonds. Date Account Debit Credit 20Y5 Nov. 1 Called the bond issue at 98, the rate provided in the bond indenture. (Omit entry for payment of interest.) Date Account Debit Credit 2019 Nov. 1

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