Entries for Issuing and Calling Bonds; Loss

$20$Y$1$

Mar. $1$ Issued the bonds for cash at their face amount.

Sept. $1$ Paid the interest on the bonds.

$20$ Y $5$

Sept. $1$ Called the bond issue at $102,$ the rate provided in the bond indenture.

$($Omit entry for payment of interest.$)$

Journalize the entries to record the above selected transactions.

Issued the bonds for cash at their face amount. If an amount box does not require an entry, leave it blank.

Paid the interest on the bonds. If an amount box does not require an entry, leave it blank.

Called the bond issue at $102,$ 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.

$20$Y$5$ Sept. $1$

Gain on Redemption of Bonds