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Emil Corp. produces and seis wind-energy driven engines, To finance its operations, Emil Corp. issued...

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Accounting

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Emil Corp. produces and seis wind-energy driven engines, To finance its operations, Emil Corp. issued $1,239,000 of 10 year, 8% callable bonds on May 1 , 20 r1, at their face amount, with interest payable on May 1 and November 1 . The fiscal year of the company is the calendar year. Joumalize the entrles to record the following selected transactions: 20Yr May 1 issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bonds. 2015 Nov. 1 Called the bond issue at 97, the rate provided in the bond indenture. (Oinit entry for payment of interest) Issued the bonds for cash at their foce amount: 20y1, Mar 1 Partiably acenca Pala the interest on the bonds. Issued the bonds for cash at their face amount. 20Y1, MaY 1 Toes uywor Partally correct Pald the intierest on the bonds. 20Y1, Nov. 1 rotex Hy won Partialy cortect Called the bond issue at 97. the rate provided in the bond indenture. (Omit entry for payment of interest.) Foc a compound transaction, if an amount bax does not requir an entry, leave it blank

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