Entries for Issuing and Calling Bonds; Loss Hoover Corp., a wholesaler of music equipment, issued $13,870,000 of 15-year, 12% 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. 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 104, 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. Year 1 Mar. 1 Cash Bonds Payable 13,870,000 13,870,000 Paid the interest on the bonds. Year 1 Sept. 1 Interest Expense 832,200 Cash 832,200 Feedback Check My Work Correct Called the bond issue at 104, 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. Year 3 Sept. 1 Bonds Payable Loss on Redemption of Bonds 13,870,000 Cash