Question
Hoover Corp., a wholesaler of music equipment, issued $14,230,000 of 20-year, 10% callable bonds on March 1, 20Y2, at their face amount, with interest payable
Hoover Corp., a wholesaler of music equipment, issued $14,230,000 of 20-year, 10% 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. 20Y4 Sept. 1 Called the bond issue at 104, 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.
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Issued the bonds for cash at their face amount.
20Y2 Mar. 1 | fill in the blank 4c00c4032049fb4_2 | fill in the blank 4c00c4032049fb4_3 | |
fill in the blank 4c00c4032049fb4_5 | fill in the blank 4c00c4032049fb4_6 |
Paid the interest on the bonds.
20Y2 Sept. 1 | fill in the blank f030b4090fb305f_2 | fill in the blank f030b4090fb305f_3 | |
fill in the blank f030b4090fb305f_5 | fill in the blank f030b4090fb305f_6 |
Called the bond issue at 104, the rate provided in the bond indenture. (Omit entry for payment of interest.)
20Y4 Sept. 1 |
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