Journalize the entries to record the april

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Reference no: EM132838737

Problem 1: A company issued $2,000,000 of 30-year, 8% callable bonds on April 1, 2011, with interest payable on April 1 and October 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions:

2011

Apr. 1 Issued the bonds for cash at their face amount.

Oct. 1 Paid the interest on the bonds. 2013

Oct. 1 Called the bond issue at 103, the rate provided in the bond indenture. (Omit entry for payment of interest.)

Reference no: EM132838737

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