Chapter 14 Long-Term Liabilities: Bonds and Notes 655 OBJ. 3 EX 14-8 Entries for issuing and calling bonds; loss Polders Corp., a wholesaler of office equipment, issued $40,000,000 of 10-year, 8% call- able bonds on April 1, 2014, with interest payable on April 1 and October 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 2014 Apr. 1. Issued the bonds for cash at their face amount. Oct. 1. Taid the interest on the bonds. 2018 Oct. 1. Cailed the bond issue at 104, the rate provided in the bond indenture. (Omit entry for payment of interest.) OBJ. E ation