On March 1, 2017, Cullumber Company sold 25,500 of its 9%, 20-year, $ 1,000 face value bonds at 98. Interest payment dates are March 1 and September 1, and the company uses the straight-line method of bond discount amortization. On February 1, 2018, Cullumber took advantage of favorable prices of its stock to extinguish 3,000 of the bonds by issuing 149,900 shares of its $ 1 par value common stock. At this time, the accrued interest was paid in cash. The companys stock was selling for $ 20.20 per share on February 1, 2018. Prepare the journal entries needed on the books of Cullumber Company to record the following. (Credit account titles are automatically indented when the 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. 38,548.)

(a)		March 1, 2017: issuance of the bonds.
(b)		September 1, 2017: payment of semiannual interest.
(c)		December 31, 2017: accrual of interest expense.
(d)		February 1, 2018: extinguishment of 3,000 bonds. (No reversing entries made.)

Date	Account Titles and Explanation	Debit	Credit
3/1/17	enter an account title for the journal entry on January 3 in 2017	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on January 3 in 2017	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on January 3 in 2017	enter a debit amount	enter a credit amount
9/1/17	enter an account title for the journal entry on January 9 in 2017	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on January 9 in 2017	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on January 9 in 2017	enter a debit amount	enter a credit amount
12/31/17	enter an account title for the journal entry on December 31 in 2017	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on December 31 in 2017	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on December 31 in 2017	enter a debit amount	enter a credit amount
2/1/18	enter an account title to record payment of interest on February 1 in 2018	enter a debit amount	enter a credit amount
	enter an account title to record payment of interest on February 1 in 2018	enter a debit amount	enter a credit amount
	enter an account title to record payment of interest on February 1 in 2018	enter a debit amount	enter a credit amount
	enter an account title to record payment of interest on February 1 in 2018	enter a debit amount	enter a credit amount
	(To record payment of interest)
2/1/18	enter an account title to record extinguishment of the bonds on February 1 in 2018	enter a debit amount	enter a credit amount
	enter an account title to record extinguishment of the bonds on February 1 in 2018	enter a debit amount	enter a credit amount
	enter an account title to record extinguishment of the bonds on February 1 in 2018	enter a debit amount	enter a credit amount
	enter an account title to record extinguishment of the bonds on February 1 in 2018	enter a debit amount	enter a credit amount
	enter an account title to record extinguishment of the bonds on February 1 in 2018	enter a debit amount	enter a credit amount
	(To record extinguishment of the bonds)