Entries for Issuing and Calling Bonds; Loss Hoover Corp., a wholesaler of music equipment, issued $30,000,000 of 20-year, 8% callable bonds on March 1, Year 1, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. ournalize the entries to record the following selected transactions: Year 1 Mar. 1 Sept. 1 Year 3 Sept. 1 Issued the bonds for cash at their face amount. Paid the interest on the bonds. Called the bond issue at 101.5, the rate provided in the bond indenture. (Omit entry for payment of interest.) Issued the bonds for cash at their face amount. Year 1 Mar. 1 Paid the interest on the bonds. Year I Sept. 1 transaction Called the bond issue at 101.5, 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 Year 3 Sept. 1