On March $1$ of Year $1,$ Sandollar Inc. issued $$48,000$ of bonds at $105,$ paying $8\%$ cash interest semiannually on June $30$ and December $31.$ The bonds are dated January $1$ of Year $1$ and are scheduled to mature at December $31$ of Year $4.$ On September $1$ of Year $1,$ $$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 $1$ of Year $1.$

Date Account Name Debit Credit

Mar. $1$

$0$

$0$

Answer

$0$

$0$

Answer

$0$

$0$

Answer

$0$

$0$

Answer

To record the bond issuance.

b$.$ Provide the entry for the interest payment on June $30$ of Year $1.$

Date Account Name Debit Credit

June $30$

$0$

$0$

Answer

$0$

$0$

Answer

$0$

$0$

Answer

$0$

$0$

Answer

To record the interest payment.

c$.$ Provide the entry to recognize interest expense for the portion of the bond issue retired on September $1$ of Year $1.$

Date Account Name Debit Credit

Sept. $1$

$0$

$0$

Answer

$0$

$0$

Answer

$0$

$0$

Answer

To record the interest payment.

d$.$ Provide the entry to record the bond retirement on September $1$ of Year $1$