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Hoover Corp., a wholesaler of music equipment, issued $13,600,000 of 25 year, 11% collable bonds on March 1, 2012, at their face amount with Interest

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Hoover Corp., a wholesaler of music equipment, issued $13,600,000 of 25 year, 11% collable bonds on March 1, 2012, at their face amount with Interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. 2012 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Pald the interest on the bonds. 2014 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 Journalize the entries to record the above selected transactions Issued the bonds for cash at their face amount. 2012 Mar.1 Cash 13.600.000 Bonds Payable 13 600.000 Ved Paid the interest on the bonds 2012 Sept. Interest Expense Cash

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