September $1.$ The fiscal year of the company is the calendar year.

$20Y1$

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

Sept. $1$ Paid the interest on the bonds.

$20Y5$

Sept. $1$ Called the bond issue at $103,$ the rate provided in the bond indenture.

$($Omit entry for payment of interest.$)$

Journalize the entries to record the above selected transactions.

Issued the bonds for cash at their face amount. If an amount box does not require an entry, leave it blank.

$20$Y$1$ Mar. $1\frac{\text{C}\text{a}\text{s}\text{h}}{\text{I}\text{n}\text{t}\text{e}\text{r}\text{e}\text{s}\text{t}\text{E}\text{x}\text{p}\text{e}\text{n}\text{s}\text{e}}$

Paid the interest on the bonds. If an amount box does not require an entry, leave it blank.

$20$ Y$1$ Sept. $1$ Interest Expense

$20$Y$5$ Sept. $1$