Problem 14-07 On April 1, 2020, Wildhorse Company sold 15,300 of its 12%, 15-year, $1,000 face value bonds at 97. Interest payment dates are April 1 and October 1, and the company uses the straight-line method of bond discount amortization. On March 1, 2021, Wildhorse took advantage of favorable prices of its stock to extinguish 6,900 of the bonds by issuing 227,700 shares of its $10 par value common stock. At this time, the accrued interest was paid in cash. The company's stock was selling for $33 per share on March 1, 2021. Prepare the journal entries needed on the books of Wildhorse Company to record the following. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answers to o decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) April 1, 2020: issuance of the bonds. (b) October 1, 2020: payment of semiannual interest. (C) December 31, 2020: accrual of interest expense. (d) March 1, 2021: extinguishment of 6,900 bonds. (No reversing entries made.) Account Titles and Explanation Debit Credit No. (a) Date 4/1/20 (b) 10/1/20 (C) 12/31/20 Problem 14-07. List Of Acc... - O X edugen.wileyplus.com/edugen/share... a Bond Issue Expense Bonds Payable Buildings Cash Common Stock Cost of Goods Sold Debt Investments Depreciation Expense Discount on Bonds Payable Discount on Notes Payable Discount on Notes Receivable Equipment Equity Investments Gain on Disposal of Machinery Gain on Disposal of Land Gain on Disposal of Plant Assets Gain on Redemption of Bonds Gain on Restructuring of Debt Gain on Sale of Machinery Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Loss on Disposal of Equipment Loss on Disposal of Land Loss on Redemption of Bonds Machinery Mortgage Payable No Entry Notes Payable Notes Receivable (d) 3/1/21 (To record interest and discount on bonds retired) 3/1/21 (To record extinguishment of the bonds)