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wntries for issuing and calling bonds Entries for issuing and calling bonds; loss Hoover Corp., a wholesaler of music equipment, issued $10,000,000 of 20-year, 5%
wntries for issuing and calling bonds
Entries for issuing and calling bonds; loss Hoover Corp., a wholesaler of music equipment, issued $10,000,000 of 20-year, 5% collable bonds on March 1, 2012, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 2012 Mar. 1 Issued the bonds for cash at their face amount. Paid the interest on the bonds. Sept. 1 2014 Sept. 1 Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) If an amount box does not require an entry, leave it blank Issued the bonds for cash at their face amount 20Y2 Mar. 1 Paid the interest on the bonds. 2012 Sept. 1 2012 Mar. 1 Issued the bonds for cash at their face amount. Paid the interest on the bonds. Sept. 1 2014 Sept. 1 Called the bond issue at 102, the rate provided in the bond Indenture. (Omit entry for payment of interest.) If an amount box does not require an entry, leave it blank. Issued the bonds for cash at their face amount 2012 Mar. 1 88 Step by Step Solution
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