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plss help!! Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $1,047,000 of 25 -year, 13% callable bonds on
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Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $1,047,000 of 25 -year, 13% callable bonds on May 1, 20j5, at their face amount, with interest payable on May 1 and November 1 . The fiscal year of the company is the calendar yeac. Journalize the entries to record the following selected transactions: 20Y5 May 1 lssued the bonds for cash at their face amount. Nov, 1 Paid the interest on the bonds. 20r9 Nov. 1 Called the bond issue at 96 , the rate provided in the bond indenture. (Omit entry for pavment of interest.) If an amount box does not require an entry, leave it blank. Issued the bonds for cash at their face amount. 20 Ms May 1 Paid the interest on the bands. 20 Y Nov. 1 Step by Step Solution
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