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Entries for Issuing and Calling Bonds; Loss year of the company is the calendar year. 20Y1 Mar. 1 Issued the bonds for cash at their
Entries for Issuing and Calling Bonds; Loss 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. 20Y1 Mar. 1 Paid the interest on the bonds. 20Y1 Sept. 1 20 Y5 Sept. 1
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