Entries for Issuing and Calling Bonds; Loss Rushton Corp., a wholesaler of music equipment, issued $13,540,000 of 20-year, 11% callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. 2011 Mar 1 Issued the bonds for cash at their face amount. Sept: Paid the interest on the bonds. 2015 Sept. 1 Called the bond issue at 104, the rate provided in the bond indenture. (Omit entry for payment of interest.) Journalize the entries to record the above selected transactions. Issued the bonds for cash at their face amount. If an amount box does not require an entry, leave it blank. 2011 Mar. 1 Cast Bonds Payabl Feedback 88 Bonds Payable is always recorded at face value. Any difference in issue price is reflected in a premium or discount account. Paid the interest on the bonds. If an amount box does not require an entry, leave it blank. 2011 Sept. Interest Exosto 88 Feedback Check My Work Interest expense is determined by the formula: Principal x Interest Rate x Time. 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. 2015 Sept. 1 Doods Paxable