Entries for issuing and calling bonds; loss Hoover Corp., a wholesaler of music equipment, issued $10,000,000...

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Entries for issuing and calling bonds; loss Hoover Corp., a wholesaler of music equipment, issued $10,000,000 of 20-year, 5% callable bonds on March 1, 20Y2, 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: 20Y2 March 1 September 1 20Y4 Issued the bonds for cash at their face amount. Paid the interest on the bonds. September 1 Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) If an amount box does not require an entry, leave it blank. Issued the bonds for cash at their face amount. 20Y2 Mar. 1 Cash Feedback Bonds Payable 20,811,010 X 811,010 X Check My Work Bonds payable is always recorded at face value. Paid the interest on the bonds. 20Y2 Sept. 1 Interest Expense Cash Feedback Check My Work The semiannual cash payment to bondholders is the interest expense when bonds are sold at face value. Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) 20Y4 Sept. 1 Interest Expense X Cash Bonds Payable X Entries for issuing and calling bonds; loss Hoover Corp., a wholesaler of music equipment, issued $10,000,000 of 20-year, 5% callable bonds on March 1, 20Y2, 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: 20Y2 March 1 September 1 20Y4 Issued the bonds for cash at their face amount. Paid the interest on the bonds. September 1 Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) If an amount box does not require an entry, leave it blank. Issued the bonds for cash at their face amount. 20Y2 Mar. 1 Cash Feedback Bonds Payable 20,811,010 X 811,010 X Check My Work Bonds payable is always recorded at face value. Paid the interest on the bonds. 20Y2 Sept. 1 Interest Expense Cash Feedback Check My Work The semiannual cash payment to bondholders is the interest expense when bonds are sold at face value. Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.) 20Y4 Sept. 1 Interest Expense X Cash Bonds Payable X