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Entries for Issuing and Calling Bonds; Loss Rushton Corp., a wholesaler of music equipment, issued $9,530,000 of 15year,12% callable bonds on March 1 , 20Y

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Entries for Issuing and Calling Bonds; Loss Rushton Corp., a wholesaler of music equipment, issued $9,530,000 of 15year,12% callable bonds on March 1 , 20Y 1 , at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. 20Y1 Mar, 1 issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. 20Y5 Sept. 1 Called the bond issue at 102, 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. 20 Y. Mar. 1 Paid the interest on the bonds. If an amount box does not require an entry, leave it blank. Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) If an amount box does no require an entry, leave it blank. Issued the bonds for cash at their face amount. If an amount box does not require an entry, leave it blank. 20Y1 Mar. 1 Paid the interest on the bonds. If an amount box does not require an entry, leave it blank. 20Y1 Sept. 1 Called the bond issue at 102, 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. 20Y5 Sept. 1 Entries for Instalment Note Transactions On-January 1, Year 1, Wedekind Company issued a $19,000,4-year, 11% instaliment note to Shannon Bank. The note requires annuai payments of $6,124, beginning on December 31 , Year 1 . Journalize the entries to record the following: Year 1 Jan. 1 Issued the note for cash at its face amount, Dec. 31 Paid the annual payment on the note, which consisted of interest of $2,090 and principal of $4,034. Year 4 Dec. 31 Paid the annual payment on the note, including $607 of interest. The remainder of the payment reduced the principal balance on the note. Issued the note for cash at its face amount. If an amount box does not require an entry, leave it blank. Year 1, Jan. 1 Paid the annual payment on the note, which consisted of interest of $2,090 and princlpal of $4,034. If an amount box does not require ai entry, leave it blank. Paid the annual payment on the note, which consisted of interest of $2,090 and principal of $4,034, If an amount box does not require an entry, leave it biank. Paid the annual payment on the note, including $607 of interest. The remainder of the payment reduced the principal balance on the note. If an amount box does not require an entry, leave it blank

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