Question
Entries for Issuing and Calling Bonds; Loss Hoover Corp., a wholesaler of music equipment, issued $20,000,000 of 20-year, 6% callable bonds on March 1, 20Y2,
Entries for Issuing and Calling Bonds; Loss
Hoover Corp., a wholesaler of music equipment, issued $20,000,000 of 20-year, 6% callable bonds on March 1, 20Y2, 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:
20Y2 | |
Mar. 1 | Issued the bonds for cash at their face amount. |
Sept. 1 | Paid the interest on the bonds. |
20Y4 | |
Sept. 1 | Called the bond issue at 102, 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.
Issued the bonds for cash at their face amount.
20Y2 Mar. 1 | fill in the blank dbf0cafd1fbe064_2 | fill in the blank dbf0cafd1fbe064_3 | |
fill in the blank dbf0cafd1fbe064_5 | fill in the blank dbf0cafd1fbe064_6 |
Paid the interest on the bonds.
20Y2 Sept. 1 | fill in the blank 59a37d009ffa02a_2 | fill in the blank 59a37d009ffa02a_3 | |
fill in the blank 59a37d009ffa02a_5 | fill in the blank 59a37d009ffa02a_6 |
Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.)
20Y4 Sept. 1 | fill in the blank ecf078fcbf9c000_2 | fill in the blank ecf078fcbf9c000_3 | |
fill in the blank ecf078fcbf9c000_5 | fill in the blank ecf078fcbf9c000_6 | ||
fill in the blank ecf078fcbf9c000_8 | fill in the blank ecf078fcbf9c000_9 |
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