Hoover Corp., a wholesaler of music equipment, issued $$20,000,000$ of $20-$year, $6\%$ callable bonds on March $1,20$Y$2,$ at their face amount, with interest payable on March $1$ and September $1.$ The fiscal year of the company is the calendar year.

Journalize the entries to record the following selected transactions:

$20$Y$2$

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

Sept. $1$ Paid the interest on the bonds.

$20$Y$4$

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.

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Issued the bonds for cash at their face amount.

$20$Y$2$ Mar. $1$

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Paid the interest on the bonds.

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

Question Content Area

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

$20$Y$4$ Sept. $1$