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Entries for Issuing and Calling Bonds; Loss Adele Corp., a wholesaler of music equipment, issued $10,860,000 of 20-year, 9% callable bonds on March 1, 20Y1,

Entries for Issuing and Calling Bonds; Loss Adele Corp., a wholesaler of music equipment, issued $10,860,000 of 20-year, 9% callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. 20Y1 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. 20Y5 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. 20Y1 Mar. 1 Cash fill in the blank a5378ff5bfdc049_2 10,860,000 Bonds Payable fill in the blank a5378ff5bfdc049_4 10,860,000 Feedback Paid the interest on the bonds. 20Y1 Sept. 1 Interest Expense fill in the blank 6a1d07030016013_2 488,700 Cash fill in the blank 6a1d07030016013_4 488,700 Feedback Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) For a compound transaction, if an amount box does not require an entry, leave it blank. 20Y5 Sept. 1 Bonds Payable fill in the blank 0418e1013063058_2 10,860,000 fill in the blank 0418e1013063058_3 Loss on Redemption of Bonds fill in the blank 0418e1013063058_5 fill in the blank 0418e1013063058_6 Cash

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