On April 1, 2020,BlossomCompany sold28,800of its12%,15-year, $1,000 face value bonds at97. Interest payment dates are April 1 and October 1, and the company uses the straight-line method of bond discount amortization. On March 1, 2021,Blossomtook advantage of favorable prices of its stock to extinguish4,200of the bonds by issuing138,600shares of its $10 par value common stock. At this time, the accrued interest was paid in cash. The company's stock was selling for $30per share on March 1, 2021.

Prepare the journal entries needed on the books ofBlossomCompany to record the following.(Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final 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, 2020: issuance of the bonds.(b)October 1, 2020: payment of semiannual interest.(c)December 31, 2020: accrual of interest expense.(d)March 1, 2021: extinguishment of4,200bonds. (No reversing entries made.)

No.

Date

Account Titles and Explanation

Debit

Credit

(a)

4/1/20

(b)

10/1/20

(c)

12/31/20

(d)

3/1/21

(To record interest and discount on bonds retired)

3/1/21

(To record extinguishment of the bonds)