Polders corp a wholesaler of office equipment

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Reference no: EM13960345

Polders Corp., a wholesaler of office equipment, issued $40,000,000 of 10-year, 8% callable bonds on April 1, 2014, with interest payable on April 1 and October 1. The fiscal year of the company is the calendar year. Journalize the entries -Issued the bonds for cash at their face amount -Paid the interest on the bonds. -Called the bond issue at 104, the rate provided in the bond indenture. (Omit entry for payment of interest.) For a compound transaction, if an amount box does not require an entry, leave it blank.

Reference no: EM13960345

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