, Instructions Rushton Corp, a wholesaler of music equipment, issued $30,500,000 of 20-year, 10% callable bonds on March 1, 2011, at thee face amount, with interest payable on March 1 and September 1 The fiscal year of the company is the calendar year Required: Journalize the entries to record the failtowing selected transactions Refer to the chart of accounts for the exact wording of the account tees CNOW journals do not use tines for journal explanations Every Ine on a journal page is used for debit or credit entries CNOW jomas w automatically indent a credit entry when a credit amount is entered 2011 Mat Sept 2015 " Sept 1 Issued the bonds for cash at their face amount Paid the interest on the bonds Called the bond issue at 104, the rane provided in the bond indenture (Omt entry for payment of interest) ushton ( cal yea Requ Jou CHART OF ACCOUNTS Rushton Corp. General Ledger CN aut ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable. 122 Allowance for Doubtful Accounts 201 Ma Se 201 Sej 127 Notes Receivable 126 Interest Receivable REVENUE 410 Sales) 610 Interest Revenue 611 Gain on Redemption of Bonds 131 Merchandise Inventory 141 Office Supplies 142 Store Supplies 151 Prepaid Insurance EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 521 Sales Salanes Expense 522 Office Salaries Expense hd 151 Prepaid Insurance 191 Land 522 Office Salaries Expense 531 Advertising Expense 192 Store Equipment 532 Delivery Expense 193 Accumulated Depreciation-Store Equipment 533 Repairs Expense 194 Office Equipment 534 Selling Expenses 195 Accumulated Depreciation-Office Equipment LIABILITIES 210 Accounts Payable 221 Salaries Payable 231 Sales Tax Payable 232 Interest Payable 241 Notes Payable 251 Bonds Payable) 252 Discount on Bonds Payable 253 Premium on Bonds Payable 535 Rent Expense 536 Insurance Expense 537 Office Supplies Expense 538 Store Supplies Expense 541 Bad Debt Expense 561 Depreciation Expense-Store Equipment 562 Depreciation Expense-Office Equipment 590 Miscellaneous Expense 710 Interest Expense 711 Loss on Redemption of Bonds 13 EOI Accounts 251 Bonds Payable 252 Discount on Bonds Payable 253 Premium on Bonds Payable 710 Interest Expense 711 Loss on Redemption of Bonds EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends