Recording Bond Retirement On March 1, 2020, Sandollar Inc. issued $30,000 of bonds at 105, paying 8% cash interest semiannually on June 30 and December 31. The bonds are scheduled to mature December 31, 2023. On September 1, 2020, $10,000 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. Required a. Provide the entry for the bond issuance on March 1, 2020. b. Provide the entry for the interest payment on June 30, 2020. c. Provide the entry to recognize interest expense for the portion of the bond issue retired on September 1, 2020. d. Provide the entry to record the bond retirement on September 1, 2020. Date Account Name a Mar. 1, 2020 Cash Bonds Payable Interest Payable Dr. Cr. 31,900 30,000 0~ Premium on Bonds Payable b. June 30, 2020 Interest Expense 400 1,500- 500 x 0 Interest Payable 400- 0~ Premium on Bonds Payable c Sept. 1, 2020 Interest Expense Premium on Bonds Payable Cash d. Sept. 1, 2020 Bonds Payable Premium on Bonds Payable Cash 250x Cash 1,200 105 x 0~ 28 x 0 0 10,000 133 0 133 x 0 8,900 Gain on Redemption of Bonds O 1,233 x Check esc * #3 72 1 2 Q W 80 $ 4 54 000 000 % de 5 MacBook Pro 66 7 28 & E R T Y U