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OB13 OW HOW EX 14-8 Entries for issuing and calling bonds: loss able bonds on March 1, 20Y1, at their face amount, with interest payable

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OB13 OW HOW EX 14-8 Entries for issuing and calling bonds: loss able bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and Rushton Corp, a wholesaler of music equipment, issued $11,000,000 of 20-year 9 alla record the following selected transactions: September 1. The fiscal year of the company is the calendar year. Journalize the entries to 2011 Mar. 1. Issued the bonds for cash at their face amount. Sept. 1. Paid the interest on the bonds. 2045 Sept. 1. Called the bond issue at 101, the rate provided in the bond indenture. (Omit entry for payment of interest.)

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