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Rushton Corp., a wholesaler of music equipment, issued $30,500,000 of 20-year, 10% callable bonds on March 1, 20Y1, at the face amount with interest payable

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Rushton Corp., a wholesaler of music equipment, issued $30,500,000 of 20-year, 10% callable bonds on March 1, 20Y1, at the 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 following selected transactions. Refer to the chart of accounts for the exact wording of the account the CNOW Journals do not use lines for journal explanations. Every line on a journal page is used for debt or credit entries CNOW jounais wa automatically indent a credit entry when a credit amount is entered 20Y1 Mar Issued the bonds for cash at their face amount Sept 1 Paid the interest on the bonds 2015 Required: Journalize the entries to record the following selected transactions. Refer to the chart of accounts for the exact wording of the account des CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOW journals wil automatically indent a credit entry when a credit amount is entered 20Y1 Mar 1 Issued the bonds for cash at their face amount. Paid the interest on the bonds Sept 1 2015 Sept 1 Called the bond issue at 104, the rate provided in the bond indenture. (Omit entry for payment of interest Instructions & Journal 8 explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry wners a credit content JOURNAL ACCOUNTING EQUAT DATE DESCRIPTION POST REF DESIT CREDIT ASSETS LATES

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