Vidovich corp produces and sells renewable energy equipment

Reference no: EM13578165

Vidovich Corp. produces and sells renewable energy equipment. To finance its operations, Vidovich Corp. issued $1,412,000 of 25-year, 13% callable bonds on January 1, 2014, with interest payable on January 1 and July 1. The fiscal year of the company is the calendar year.

Journalize the entries to record the following selected transactions:
2014 Jan. 1 Issued the bonds for cash at their face amount.
July 1 Paid the interest on the bonds.

2020 July 1 Called the bond issue at 95, the rate provided in the bond indenture. (Omit entry for payment of interest.)

Issued the bonds for cash at their face amount.

2014 Jan. 1 Paid the interest on the bonds.

2014 July 1 Called the bond issue at 95, 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.

2020 July 1

Reference no: EM13578165

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