On March 1 of the current year, Sandollar Inc. issued $48,000 of bonds at 105, paying 8% cash interest semiannually on June 30 and December 31. The bonds are scheduled to mature in four years on December 31. On September 1 of the current year, $16,000 of the bonds were retired when the bonds were selling at 89. Assume the straight-line interest method is used to amortize bond discounts and premiums. Note: When answering the following questions, round your answers to the nearest whole dollar. a. Provide the entry for the bond issuance on March 1. Date Account Name Debit 48.000 Mar. 1 Cash V Credit OX 48.000 Bonds Payable Interest Payable Premium on Bonds Payable To record the bond issuance. 0 0 0 800 X V 2.400 b. Provide the entry for the interest payment on June 30. Credit V OX Date Account Name June 30 Interest Expense Interest Payable Premium on Bonds Payable Cash Debit 592 800 208 V OX V 0 1.600 x To record the interest payment. c. Provide the entry to recognize interest expense for the portion of the bond issue retired on September 1. Debit Credit 231 Date Account Name Sept. 1 Interest Expense Premium on Bonds Payable Cash To record the interest payment, . OX 07 V 35 V 0 266 x d. Provide the entry to record the bond retirement on September 1. Debit Credit 16,000 0 695 0 Date Account Name Sept. 1 Bonds Payable Premium on Bonds Payable Cash Gain on Redemption of Bonds To record the interest payment V 0 14240 2.455 V 0