Entries for Issuing and Calling Bonds; Loss

Polders Corp., a wholesaler of office equipment, issued $8,520,000 of 15-year, 11% callable bonds on March 1, 2014, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year.

2014
Mar. 1	Issued the bonds for cash at their face amount.
Sept. 1	Paid the interest on the bonds.
2018
Sept. 1	Called the bond issue at 103, the rate provided in the bond indenture. (Omit entry for payment of interest.)

Journalize the entries to record the above selected transactions

(Omit entry for payment of interest.) Joumalize the entries to record the above selected transactions. Hide Issued the bonds for cash at their face amount. 2014 Mar. 1 Hide Paid the interest on the bonds. 2014 Sept. 1 Hide Called the bond issue at 103, the rate provided in the bond indenture. Omit entry for payment of interest.) For a compound transaction, if an amount box does not require an entry, leave it blank 2018 Sept. 1