Entries for Issuing and Calling Bonds Loss Adele Corp , a wholesaler of music equipment, issued $8,650,000 of 15 year, 11 callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and 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 104, 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 20Y1 Mar 1 Cash fill in the blank 2c3f3404704bff8 2 Bonds Payable fill in the blank 2c3f3404704bff8 4 Paid the interest on the bonds 20Y1 Sept 1 Interest Expense fill in the blank 09beb5fe9f91fd9 2 Cash fill in the blank 09beb5fe9f91fd9 4 Called the bond issue at 104, the rate provided in the bond indenture (Omit entry for payment of interest ) For a compound transaction, if an amount box does not require an entry, leave it blank 20Y5 Sept 1 fill in the blank 6b91fcfd5fd3035 2 fill in the blank 6b91fcfd5fd3035 3 fill in the blank 6b91fcfd5fd3035 5 fill in the blank 6b91fcfd5fd3035 6 fill in the blank 6b91fcfd5fd3035 8 fill in the blank 6b91fcfd5fd3035 9

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Question: Entries for Issuing and Calling Bonds; Loss Adele Corp., a wholesaler of music equipment, issued $8,650,000 of 15-year, 11% callable bonds on March 1, 20Y1,

Entries for Issuing and Calling Bonds; Loss

Adele Corp., a wholesaler of music equipment, issued $8,650,000 of 15-year, 11% callable bonds on March 1, 20Y1, at their face amount, with interest payable on March 1 and 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 104, 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.

20Y1 Mar. 1	Cash	fill in the blank 2c3f3404704bff8_2
	Bonds Payable		fill in the blank 2c3f3404704bff8_4

Paid the interest on the bonds.

20Y1 Sept. 1	Interest Expense	fill in the blank 09beb5fe9f91fd9_2
	Cash		fill in the blank 09beb5fe9f91fd9_4

Called the bond issue at 104, the rate provided in the bond indenture. (Omit entry for payment of interest.) For a compound transaction, if an amount box does not require an entry, leave it blank.

20Y5 Sept. 1	fill in the blank 6b91fcfd5fd3035_2	fill in the blank 6b91fcfd5fd3035_3
	fill in the blank 6b91fcfd5fd3035_5	fill in the blank 6b91fcfd5fd3035_6
	fill in the blank 6b91fcfd5fd3035_8	fill in the blank 6b91fcfd5fd3035_9

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