Sanipreet Sanghera On March 1 of the current year, Sandollar Inc. issued $66,000 of bonds at 105, paying 8% cash interest semiannually on June 30 and December 31. The bonds are scheduled to mature in four years on December 31. On September 1 of the current year, $22,000 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. Note: When answering the following questions, round your answers to the nearest whole dollar. a. Provide the entry for the bond issuance on March 1. Debit Credit Date Account Name Mar. 1 Cash Bonds Payable Premium on Bonds Payable 69,300 0 OX 66,000 3,300 OX 0 + 0 To record the bond issuance b. Provide the entry for the interest payment on June 30. Debit Credit 0 Date Account Name June 30 Interest Expense Premium on Bonds Payable Cash 1.473 287 0 e 0. 1,750 X 0.X 0 To record the interest payment c. Provide the entry to recognize interest expense for the portion of the bond issue retired on September 1, Debit Credit Date Sept. 1 Account Name Interest Expense Premium on Bonds Payable Interest Payable To record the interest payment. 111 22 0 OX OX 133 x d. Provide the entry to record the bond retirement on September 1. Debit Credit 0 22,000 956.52 0X Date Account Name Sept. 1 Bonds Payable Premium on Bonds Payable Cash Gain on Redemption of Bonds To record the interest payment. 0 19,580 3,376.52 X 0