Entries for Issuing and Calling Bonds; Loss Hoover Corp., a wholesaler of music equipment, issued $11,480,000 of 15-year, 13% 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. 2012 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. 2014 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. Journalize the entries to record the above selected transactions. Issued the bonds for cash at their face amount. 2012 Mar. 1 Cash 11,480,000 Bonds Payable 11,480,000 Feedback Check My Work Bonds payable is always recorded at face value. Paid the interest on the bonds. 20Y2 Sept. 1 Interest Expense Cash Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) 2014 Sept. 1 Bonds Payable 11,480,000 Loss on Redemption of Bonds Cash