Instructions General Journal Instructions

Journalize the entries to record the transactions for the $20Y2.$

JOURNAL

Journalize the entries to record the transactions for the $20Y4.$

JOURNAL

Hoover Corp., a wholesaler of music equipment, issued $$31,400,000$ 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:

$20Y2$

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

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

$20Y4$

Sept. $1$ Called the bond issue at $102,$ the rate provided in the bond indenture. $($Omit entry for payment of

interest.$)$