Hoover Corp., a wholesaler of music equipment, issued $31,400,000 of 20-year, 5% 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. Year 1 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. Year 3 Sept. 1 Called the bond issue at 105, the rate provided in the bond indenture. (Omit entry for payment of interest.)