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Hoover Corp, a wholesaler of music equipment, issued $33,100,000 of 20-year, 4%, callable bonds on March 1, Year 1, at their face amount, with interest payable on March 1 and September 1. The tical year of the company is the calendar year, Journalize the entries to record the following selected transactions, Peter to the Chart of Accounts for exact wording of account les Year 1 Mar 1 Issued the bonds for cash at their face amount. Paid the interest on the bonds. Sept 1 Year 3 Sot 1 Called the bond lose at 104, the rato provided in the bond indenturo. (Omit entry for payment of Interest) Entries for issuing and calling bonds; gain Instructions Chart of Accounts Journal Chart of Accounts CHART OF ACCOUNTS Mia Breen Corp. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 611 Gain on Redemption of Bonds 111 Petty Cash 121 Accounts Receivable 122 Allowance for Doubtful Accounts 126 Interest Receivable 127 Notes Receivable 131 Merchandise Inventory 141 Office Supplies 142 Store Supplies EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expenso 516 Cash Short and Over 521 Sales Salaries Expense 522 Office Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Repairs Expense 534 Selling Expenses 151 Prepaid Insurance 191 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment Check My Work Chart of Accounts 194 Office Equipment 195 Accumulated Depreciation Office Equipment LIABILITIES 210 Accounts Payable 221 Salaries Payable 231 Sales Tax Payable 232 Interest Payable 241 Notes Payable 251 Bonds Payable 252 Discount on Bonds Payable 253 Premium on Bonds Payable 534 Selling Expenses 535 Rent Expense 536 Insurance Expense 537 Office Supplies Expense 538 Store Supplies Expense 541 Bad Debt Expense 561 Depreciation Expense-Store Equip 562 Depreciation Expense-Office Equip 590 Miscellaneous Expense 710 Interest Expense 711 Loss on Redemption of Bonds EQUITY 311 Common Stock 312 Pald-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock eck My Work Book Show Mo How Entries for issuing and calling bonds; gain Instructions Chart of Accounts Journal Chart of Accounts 231 Sales Tax Payable 232 Interest Payable 241 Notes Payablo 251 Bonds Payable 252 Discount on Bonds Payable 253 Premium on Bonds Payable 561 Depreciation Expense-Store Equipmer 562 Depreciation Expense-Office Equipme 590 Miscellaneous Expense 710 Interest Expense 711 Loss on Redemption of Bonds EQUITY 311 Common Stock 312 Paid-in Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends 390 Income Summary Ek My Work eBook Show Me How Entries for issuing and calling bonds: gain Instructions Chart of Accounts Journal Joumal Journalte the arties to record the selected transactions for the year 1. Refer to the Chart of Accounts for exact wording of account hitte NGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCUTION POSTRE DEBIT CREDIT ASSETS LABILITIES EQUITY Journalize the entries to record the selected transactions for the year 5. Refer to the Chart of Accounts for exact wording of account nibos PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POSTRES DELT CREDIT ASSETS LUITES EQUITY heck My Work Previous

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