On April 1, 2014, Seminole Company sold 26,100 of its 10%, 14-year, $1,000 face value bonds at 96. Interest payment dates are April 1 and October 1, and the company uses the straight-line method of bond discount amortization. On March 1, 2015, Seminole took advantage of favorable prices of its stock to extinguish 7,700 of the bonds by issuing 254,100 shares of its $10 par value common stock. At this time, the accrued interest was paid in cash. The companys stock was selling for $32 per share on March 1, 2015. Prepare the journal entries needed on the books of Seminole Company to record the following.

(a) April 1, 2014: issuance of the bonds. (b) October 1, 2014: payment of semiannual interest. (c) December 31, 2014: accrual of interest expense. (d) March 1, 2015: extinguishment of 7,700 bonds. (No reversing entries made.)