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Entries for Issuing and Calling Bonds; Gain Mia Breen Corp. duces and sells wind-energy-driven engines. To finance its operations, Mia Breen Corp. issued $834,000 of

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Entries for Issuing and Calling Bonds; Gain Mia Breen Corp. duces and sells wind-energy-driven engines. To finance its operations, Mia Breen Corp. issued $834,000 of 10-year, 8% callable bonds on May 1, Year 1. at their face amount, with interest payable on May 1 and November 1The fiscal year of the company is the calendar year Journalize the entries to record the following selected transactions Year 1 May 1 Issued the bonds for cash at their face amount Nov. 1 Paid the interest on the bonds Year 5 Nov. 1 Called the bond issue at 95, the rate provided in the bond indenture. (Omit entry for payment of interest.) Issued the bonds for cash at their face amount Year 1 May 1 Cash 834,000 v Bonds Payable 834,000 Cormect Paid the interest on the bonds Yoar 1 Nov. 1 Interest Expense 66720X Cash 64720 X

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