Hello,

I am having trouble answering part A of the question below. I was able to answer part B so I did not include that in the question below. There should be 4 journal entries for APR 1 2018.

Garr Co. issued $4,118,000 of 12%, 5-year convertible bonds on December 1, 2017 for $4,135,399 plus accrued interest. The bonds were dated April 1, 2017 with interest payable April 1 and October 1. Bond premium is amortized each interest period on a straight-line basis. Garr Co. has a fiscal year end of September 30.

Prepare the entry to record the interest expense at April 1, 2018. Assume that interest payable was credited when the bonds were issued. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,725.)

Date Account Titles and Explanation Debit Credit

Apr. 1, 2018