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Entries for issuing and calling bonds; loss Instructions Chart of Accounts Journal 0 Instructions Hoover Corp., a wholesaler of music equipment, issued $20,000,000 of 20-year,
Entries for issuing and calling bonds; loss Instructions Chart of Accounts Journal 0 Instructions Hoover Corp., a wholesaler of music equipment, issued $20,000,000 of 20-year, 6% 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. Joumatize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account sites. 20Y2 Mar 1 Issued the bonds for cash at their face amount Paid the interest on the bonds. Sept 2014 Sept 1 Caled the bond issue at 100, the rate provided in the bond inderture. (Omit entry for payment of Interest)
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