Transcribed Image Text: Called the bond issue at 103, the rate provided in the bond indenture. (Omit entry for payment of interest.) If an amount box does not require an

Transcribed Image Text: Called the bond issue at 103, 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.
20Y5 Sept. 1 Transcribed Image Text: Entries for Issuing and Calling Bonds; Loss
Rushton Corp., a wholesaler of music equipment, issued $8,230,000 of 15-year, 8% 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.
20Υ1
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. If an amount box does not require an entry, leave it blank.
20Y1 Mar. 1
Paid the interest on the bonds. If an amount box does not require an entry, leave it blank.
20Y1 Sept. 1

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