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Entries for Issuing and Calling Bonds: Loss Hoover Corp., a wholesaler of music equipment, issued $13,200,000 of 25-year, 9% callable bonds on March 1, 2012,

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Entries for Issuing and Calling Bonds: Loss Hoover Corp., a wholesaler of music equipment, issued $13,200,000 of 25-year, 9% callable bonds on March 1, 2012, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. 20Y2 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 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. Journalize the entries to record the above selected transactions, Issued the bonds for cash at their face amount 2012 Mar. 1 Cash 11,200,000 Bonds Payable 13.200,000 Pald the interest on the bonds 2012 Sept. 1 Interest Expense 594.000 Cash Called the bond issue at 104, the rate provided in the band indenture. (Omit entry for payment of interest.) 20Y4 Sept. 1 Bonds Payable Loss on Redemption of Bonds Cash

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