PART 1

DALLAS Corporation had a $1,210,000, 6.0% bond available for issue on September 1, 2020. Interest is to be paid quarterly beginning November 30. All of the bonds were issued at par on October 1. Prepare the appropriate entries for: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) a. October 1, 2020 b. November 30, 2020 c. December 31, 2020 (Extra Golds year-end) d. February 28, 2021

PART 2

APPLE Inc. issued a $902,000, 6.0%, five-year bond on October 1, 2020. Interest is paid annually each October 1. APPLES year-end is December 31.

Period Ending		Cash Interest Paid					Period Interest Expense					Discount Amort.					Unamortized Discount					Carrying Value
Oct. 1/20																	$	36,984				$	865,016
Oct. 1/21		$	54,120				$	60,551				$	6,431					30,553					871,447
Oct. 1/22			54,120					61,001					6,881					23,671					878,329
Oct. 1/23			54,120					61,483					7,363					16,308					885,692
Oct. 1/24			54,120					61,998					7,878					8,430					893,570
Oct. 1/25			54,120					62,550					8,430					0					902,000
		$	270,600				$	307,584				$	36,984

Assume that interest has already been paid on October 1, 2023. Required: Using the amortization schedule provided above, record the entry to retire the bonds on October 1, 2023, for cash of:

1. $882,000
2. $885,692
3. $888,900