Question: Entries for Issuing and Calling Bonds; Loss Adele Corp., a wholesaler of music equipment, issued $6,670,000 of 20-year, 11% callable bonds on March 1,

Entries for Issuing and Calling Bonds; Loss Adele Corp., a wholesaler of music equipment, issued $6,670,000 of 20-year, 11% callable bonds on March 1,

Entries for Issuing and Calling Bonds; Loss Adele Corp., a wholesaler of music equipment, issued $6,670,000 of 20-year, 11% callable bonds on March 1, 20Y1, at their face amount, with interes payable on March 1 and September 1. The fiscal year of the company is the calendar year, 2011 Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. 2015 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. 2011 Mar, 1 Carsh Bonds Payable 6.670.000 6.670,000 ktop 11 New desktop

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