hoover corp a wholesaler of music equipment issued a $14,350,000 of 20 year, 10% 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.

Entries for Issuing and Calling Bonds; Loss Hoover Corp., a wholesaler of music equipment, issued $14,350,000 of 20-year, 10% 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. Year 1 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. Year 3 Called the bond issue at 103, the rate provided in the bond indenture. (Omit entry for payment of Sept. 1 interest.) Journalize the entries to record the above selected transactions. Issued the bonds for cash at their face amount. Year 1 Mar. 1 Paid the interest on the bonds. Year 1 Sept. 1 Called the bond issue at 103, 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. Year 3 Sept. 1