Question
Entries for Issuing and Calling Bonds; Loss Hoover Corp., a wholesaler of music equipment, issued $16,700,000 of 25-year, 9% callable bonds on March 1, Year
Entries for Issuing and Calling Bonds; Loss Hoover Corp., a wholesaler of music equipment, issued $16,700,000 of 25-year, 9% 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 fill in the blank e9daab06b056066_2 fill in the blank e9daab06b056066_4 Paid the interest on the bonds. Year 1 Sept. 1 fill in the blank 6d200df7dfbafd6_2 fill in the blank 6d200df7dfbafd6_4 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 fill in the blank 3c475406101b066_2 fill in the blank 3c475406101b066_3 fill in the blank 3c475406101b066_5 fill in the blank 3c475406101b066_6 fill in the blank 3c475406101b066_8 fill in the blank 3c475406101b066_9
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