On April 1, 2014, Seminole Company sold 28,980 of its 11%, 15-year, $1,000 face value bonds at 98. 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 6,000 of the bonds by issuing 198,000 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. (Round answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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 6,000 bonds. (Not reversing entries made.)

INSTRUCTIONS: Prepare journal entries of the stated above.