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Help Save Solar Energy Inc. issued a $902,000, 6.0%, five year bond on October 1, 2020. Interest is paid annually each October 1 Solar's year.

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Help Save Solar Energy Inc. issued a $902,000, 6.0%, five year bond on October 1, 2020. Interest is paid annually each October 1 Solar's year. end is December 31 Period Ending Cash Interest Pald Period Interest Expense Discount Amort. Oct. 1/20 Oct. 1/21 Oct. 1/22 Oct. 1/23 Oct. 1/24 Oct. 1/25 $ 54,120 54,120 54,120 54,120 54,120 $270,600 $ 60,551 61,001 61,483 61,998 62,550 $307,584 $ 6,431 6,881 7,363 7.878 8,439 $36,984 Unamortized Discount $36,984 30,553 23,671 16,308 8,430 Carrying Value $865,016 871,447 878, 329 885,692 893,578 0 902,000 Assume that interest has already been paid on October 1, 2023 Required: Using the amortization schedule provided above, record the entry to retire the bonds on October 1, 2023. for cash of a $882.000 b. $885.692 c. $888.900 View transaction list View transaction list Journal entry worksheet Record the retirement of bond for $882,000. Note: Enter debits before credits. Credit Date Oct 1 2023 Debit 902.000 General Journal Bonds payable Discount on bonds payable Cash Gain on retirement of bonds payable Record entry entry View general joumal Journal entry worksheet

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