005 - 026 On September 1, 2017, Contact Incorporated issued a 400,000, 15%, four-year bond. Interest is paid semi-annually beginning March 1, 2018 (a) (b) (C) (e) Cash Interest Period Interest Amort. $400,000 Carrying Value (e) 13.5% Period Ending 15% * 6/12 Unamortized * 6/12 (a) (b) Sept 1/17 $400,000.00 18,089 Mar. 1/18 30,000 418,089 28,221 1,779 16,310 416,310 Sept. 1/18 30,000 28.101 1,899 14,411 414,411 Mar. 1/19 30,000 27.973 2.027 12,384 412,384 Sept. 1/19 30,000 27.836 2,164 10,220 410,220 Mar. 1/20 30,000 27,690 2,310 7,910 407,910 Sept. 1/20 30,000 27.534 2.466 5,444 405,444 Mar. 1/21 30.000 27.367 2,633 2,811 402,811 Sept. 1/21 30,000 27,189 2,811 0 400.000 Totals 240,000 221,911 18.089 Required: Record the journal entries on the following dates September 1, 2017 (1 mark) September 1, 2018 (1 mark) The Bond was retired on Sept 1, 2019, for cash of $405.110 (2 marks)