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- f #3 Entries for Issuing and Calling Bonds; Loss Hoover Corp., a wholesaler of music equipment, issued $17,160,000 of 20-year, 12% callable bonds on
- f #3 Entries for Issuing and Calling Bonds; Loss Hoover Corp., a wholesaler of music equipment, issued $17,160,000 of 20-year, 12% callable bonds on March 1, 20Y2, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. 20Y2 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. 2014 Sept. 1 Called the bond issue at 103, 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. Journalize the entries to record the above selected transactions. Issued the bonds for cash at their face amount. 20Y2 Mar. 1 Paid the interest on the bonds. 20Y2 Sept. 1 Called the bond issue at 103, the rate provided in the bond indenture. (Omit entry for payment of interest.) 2014 Sept. 1 Check My Work 80 F3 E D $ 4 Q F4 R F T 1. C % 5 V 0 F5 T G 1 A 6 B All work saved. MacBook Air F6 Y H & 7 N 8 F7 J * 8 DII F8 1 M ( 9 K Email Instructor H F9 O
Eraried lor tasiug and Calling bonde: LoA Mast 1 and Secteriber 1 , The hscal year of the moping im the calentar rear Senki: 1 past the intriest on the bonds. zori lcmued the tonds for cash at their face amoont. 30+2 Mar 1 hate the ireerst on the bonds: zor? sept 1Step by Step Solution
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