Entries for Issuing and Calling Bonds Loss Adele Corp , a wholesaler of music equipment, issued $4,910,000 of 10 year, 10 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 103, 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

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Question: Entries for Issuing and Calling Bonds; Loss Adele Corp., a wholesaler of music equipment, issued $4,910,000 of 10-year, 10% callable bonds on March 1, 20Y1,

Entries for Issuing and Calling Bonds; Loss

Adele Corp., a wholesaler of music equipment, issued $4,910,000 of 10-year, 10% 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 103, 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.

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