Mia Breen Corp. produces and sells wind$-$energy$-$driven engines. To finance its operations, Mia Breen issued $$1,764,000$ of $15-$year, $13\%$ callable bonds on May $1,20$Y$5,$ 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:

$20$Y$5$

Date Transaction

May $1$ Issued the bonds for cash at their face amount.

November $1$ Paid the interest on the bonds.

$20$Y$9$

Date Transaction

November $1$ Called the bond issue at $96,$ the rate provided in the bond indenture.