Question $8$ of $8$

On April $1,2025,$ Grouper Company sold $16,200$ of its $12\%,15-$year, $$1,000$ face value bonds at $97.$ Interest payment dates are April $1$

and October $1,$ and the compary uses the straight$-$line method of bond discount amortization. On March $1,2026,$ Grouper took

advantage of favorable prices of its stock to extinguish $7,500$ of the bonds by issuing $247,500$ 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 $$32$ per share on March $1,2026.$

Prepare the journal entries needed on the books of Grouper Company to record the following. $($Do not round intermediate colculations if

no entry is required, select $"$No Entry" for the account tities and enter O for the amounts Credit account tities are automatically indented when

the amount is entered. Do not indent manually List all debit entries before credit entries.$)$

$($a$)$ April $1,2025$: issuance of the bonds.

$($b$)$ October $1,2025$: payment of semiannual interest.

$[$c$]$ December $31,2025$: accrual of interest experse.

$($d$)$ March $1,2026$: extinguishment of $7,500$ bonds. $($No reversing entries made.$)$

No$.$

$($a$)$

$($b$)$

$($c$)$

$($d$)$

$$

$($To record interest and discount on bonds retired$)$

Debit