Prepare Pina Colada Corp.'s journal entries to record the extinguishment of 3,250 bonds by the issuance of common shares (no reversing entries are made) on March 1, 2021.

\fPrepare Pina Colada Corp.'s journal entries to record the extinguishment of 3,250 bonds by the issuance of common shares (no reversing entries are made) on March 1, 2021. (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.) Date Account Titles and Explanation Debit Credit 3/1/21 To record payment of interest to bondholders) 3/1/21 (To record extinguishment of the bonds)