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Hoover Corp., a wholesaler of music equipment, issued $30,500,000 of 20-year, 10% callable bonds on March 1, 2042, at their face amount, with interest payable

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Hoover Corp., a wholesaler of music equipment, issued $30,500,000 of 20-year, 10% callable bonds on March 1, 2042, 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 tities. 20Y2 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid 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 Journalize the entries to record the transactions for the 2072. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DERIT CREDIT ASSETS LIABILITIES EQUITY 2 Journalize the entries to record the transactions for the 2014. Refer to the Chart of Accounts for exact wording of account titles PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REK DEBIT CREDIT ASSETS LIABILITIES EQUITY

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