Hoover Corp., a wholesaler of music equipment, issued $$16,180,000$ of $20-$ year, $14\%$ 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.

$20Y2$

March $1$ Issued the bonds for cash at their face amount.

September $1$ Paid the interest on the bonds.

$20Y4$

September $1$ Falled 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.

Journalize the entries to record the above selected transactions.

Issued the bonds for cash at their face amount.

Paid the interest on the bonds.

$20$Y$2$ Sept. $1$

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Called the bond issue at $102,$ the rate provided in the bond indenture. $($Omit entry for payment of interest.$)$

$20Y4$ Sept. $1$

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Cash

Gain on Redemption of Bonds