Entries for Issuing and Calling Bonds; Loss

Adele Corp., a wholesaler of music equipment, issued $$3,750,000$ of $15-$year, $13\%$ callable bonds on March $1,20$ Y $1,$ at their face amount, with interest payable on March $1$ and September $1.$ The fiscal year of the company is the calendar year.

$20$ Y $1$

Mar. $1$ Issued the bonds for cash at their face amount.

Sept. $1$ Paid the interest on the bonds.

$20$Y$5$

Sept. $1$ Called the bond issue at $103,$ the rate provided in the bond indenture.

$($Omit entry for payment of interest.$)$

Journalize the entries to record the abhve selected transactions.

Issued the bonds for cash at their face amount.

$20$ Y $1$ Mar. $1$

$$

Paid the interest on the bonds.

$20$ Y$1$ Sept. $1$

$$

$$

Called the bond issue at $103,$ 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. $1$

$$

$$