Question: Entries for Issuing and Calling Bonds; Loss Adele Corp., a wholesaler of music equipment, issued $15,940,000 of 20-year, 11% callable bonds on March 1, 20Y1,

Entries for Issuing and Calling Bonds; Loss

Adele Corp., a wholesaler of music equipment, issued $15,940,000 of 20-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 102, 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 fill in the blank 4411ddfcd06200e_2
fill in the blank 4411ddfcd06200e_4

Paid the interest on the bonds.

20Y1 Sept. 1 fill in the blank cfe3dbffbf84009_2
fill in the blank cfe3dbffbf84009_4

Called the bond issue at 102, 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 a0bdc0021fab02f_2 fill in the blank a0bdc0021fab02f_3
fill in the blank a0bdc0021fab02f_5 fill in the blank a0bdc0021fab02f_6
fill in the blank a0bdc0021fab02f_8 fill in the blank a0bdc0021fab02f_9

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