Hoover Corp., a wholesaler of music equipment, issued $29,700,000 of 20 -year, 6% callable bonds...
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Hoover Corp., a wholesaler of music equipment, issued $29,700,000 of 20 -year, 6% callable bonds on March 1, 20 Y2, at their face amount, with interest payable on March and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 20rz Mar I Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. 20YA Sept. 1 Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest:) Journalize the entries to record the transactions for the 20V ? Joumalize the entries to record the transactions for the 20Y4
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