Hoover Corp., a wholesaler of music equipment, issued $29,700,000 of 20-year, 6% callable bonds on March 1, Year 1, 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. Refer to the Chart of Accounts for exact wording of account titles. Year 1 Mar. 1 Issued the bonds for cash at their face amount. 1 Paid the interest on the bonds. Sept. Year 3 Sept. Journal 1 Called the bond issue at 101, the rate provided in the bond indenture. (Omit entry for payment of interest.) Loss on Reder Cash JOURNAL Score: 45/51 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Mar. 1 Cash 29,700,000.00 29,700,000.00 Bonds Payable Sep. 010 Interest Expense 8,910,000.00 4 Cash 8,910,000.00 JOURNAL Score: 33/37 ACCOUNTING EQUATION DATE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 DESCRIPTION Sep. 01 Bonds Payable Loss on Redemption of Bonds 29,700,000.00 594,000.00 Cash 30,294,000.00