Rushton Corp, a wholesaler of mursic equipment issued $33,100,000 of 20 -year 4% callable bonds on March 1,201, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year Required: Joumalse the entries to record the following selected fransactions. Fefer to the chart of accouints for the exact wording of the sccount titlea CNOWjoumats do not use ines for joumat explanations. Every dine on a joumal poge is used for debit or credil entries. CNOW joumbls wat automatically indent a credit entry when a credit amount is entered 20Y1 Mar. 1 Issued the bonds for cash at thei face amount Sept. 1 Paid the interest on the bonds. 20Y5 Sept: 1 Called the bond issue at 102, the rate provided in the bond indenture. (Omil entry for paymant of interest) Instructions Chart of Accounts Journal Chart of Accounts CHART OF ACCOUNIS Rushton Corp. General Ledger ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable 122. Allowance for Doubtlul Accounts 126 Interest Receivable 127 Notes Receivable 131 Merchandise Inventory 141 Orfice Supplies 142 Store Supplies 151 Prepaid insurance 191 Land 192 Store Eavioment REVENUE 410 Sales 610 Interest Revenue 611 Gain on Redemption of Bonds EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Carh Short and Over 521 Sales Salanes Expense 522 Ofice Salaries Expense 531 Advertising Expense 532 Deivery Expense Instructions Chart of Accounts Joumal Chart of Accounts 193 Accumulated Depreciation-Store Equipment 194 Orfice Equipment 195 Accumulated Depreciation-Office Equipment LAABIITIES 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 533 Repairs Expense 534 Selling Expenses 535 Rent Expense 536 Insurance Expense 537 Otlice 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 EQUITY Instructions Chart of Aceounts Journal Chart of Accounts 241 Notes Payable 251 Bonds Payable 252 Discount on Bonds Payable 253 Premium on Bonds Payable EQUITY 311 Common Stock 312 Paid-In Capitat 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 590 Miscellaneous Expense 710 Interest Expense 711 Loss on Redemption of Bonds Joumalize the entries to record the 20 Yt transactions. Reter to the chut of accounts for the exoct wording of the account tities CNOW/ourmals do nat use lines for jourma explanations Every une on a journal page is used tor debi or crecht enthes CNOW joumals witr automotically indent a credit entry when a credit amount is entered fournalize the entnes to record the 20y5 transactions Refer to the chart of accounts for the exact wording of the account biles. CNOW/ournals do not use ines for journal expianations. Every Gine on a joumat page is used for dobit or credit entries. CNOW joumals wir automaticaly indent a credit entry when a credit amount is entered