Question: Entries for Issuing and Calling Bonds; Loss Adele Corp., a wholesaler of music equipment, issued $22,000,000 of 20-year, 7% callable bonds on March 1, 2011,

Entries for Issuing and Calling Bonds; Loss Adele Corp., a wholesaler of music equipment, issued $22,000,000 of 20-year, 7% callable bonds on March 1, 2011, 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: 20Y1 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 2015 Paid the interest on the bonds. Sept. 1 Called the bond issue at 102, the rate provided in the bond Indenture. (Omit entry for payment of interest.) Issued the bonds for cash at their face amount. 2011 Mar. 1 Paid the interest on the bonds. 20Y1 Sept. 1 Interest Expense Feedback Check My Work Partially correct X 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 2015 Sept. 1 x

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