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Instructions Emil Corp. produces and sells wind-energy-driven engines. To finance is operations, Emi Corp. issued $29.700,000 of 20 year, 6% callable bonds on May 1,
Instructions Emil Corp. produces and sells wind-energy-driven engines. To finance is operations, Emi Corp. issued $29.700,000 of 20 year, 6% callable bonds on May 1, 20Y1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year Journalize the entries to record the following selected transactions. Be sure to include the year in the data for the entries recording the issue and calling of the bonds Refer to the Chart of Accounts for exact wording of account titles 2011 May 1 Issued the bonds for cash at their face amount Nov 1 Paid the interest on the bonds 2045 Nov 1 Called the bond issue at 95, the rate provided in the bond indenturo. (Omit entry for payment of Journalize the entries to record the following selected transactions. Be sure to include the year in the date for the entres recording the issue and calling of the bonds. Refer to the Chart of Accounts for exact wording of account titles 20Y1 May 1 Issued the bonds for cash at their face amount . 1 Paid the interest on the bonds 2015 . 1 Called the bond issue at 95, the rate provided in the bond indenture: (Omit entry for payment of interest
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