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. Journalize the entries to record the following selected transactions Year 1 Mar. 1 Issued the bonds for cash at their face amount Sept. 1 Paid the interest on the bonds. Year 3 Sept. 1 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 Cash Bonds Payable Feedback Check My Work Partialy cormect Pald the interest on the bonds. Year 1 Sept. 1 Interest Expense Cash