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Entries for issuing and calling bonds; loss Hoover Corp., a wholesaler of music equipment, issued $5,770,000 of 20-year, 9% callable bonds on March 1, 20Y2,

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Entries for issuing and calling bonds; loss Hoover Corp., a wholesaler of music equipment, issued $5,770,000 of 20-year, 9% 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. 20Y2 March 1 September 1 20Y4 September 1 If an amount box does not require an entry, leave it blank. Journalize the entries to record the above selected transactions. Date Issued the bonds for cash at their face amount. Account 20Y2 Mar, 1 Issued the bonds for cash at their face amount. Paid the interest on the bonds. 2012 Sept. 1 Called the bond issue at 103, the rate provided in the bond indenture. (Omit entry for payment of interest.) Paid the interest on the bonds. Date Account 2014 Sept. 1 Debit Credit Debit Credit Called the bond issue at 103, the rate provided in the bond indenture. (Omit entry for payment of interest.) Date Account Debit Credit

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