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Solar Energy Inc. issued a $900,000, 5%, five-year bond on October 1, 2020. Interest is paid annually each October 1. Solar's year-end is December 31.

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Solar Energy Inc. issued a $900,000, 5%, five-year bond on October 1, 2020. Interest is paid annually each October 1. Solar's year-end is December 31. Cash Interest Paid Period Interest Discount Expense Amort. Period Ending Oct. 1/20 Oct. 1/21 Unamortize Discount $ 37,911 31,186 $ 45,000 $ 51,725 $ 6,725 45,000 52,129 7.129 Oct. 1/22 24,057 Carrying Value 862,08 9 868,81 4 875.94 3 883,50 0 891,51 0 900,00 0 Oct. 1/23 45,000 52,557 7,557 16,500 Oct. 1/24 45,000 53,010 8,010 8,490 Oct. 1/25 45,000 53,490 8,490 0 225,00 s262,911 837,911 Assume that interest has already been paid on October 1, 2023. Required: Using the amortization schedule provided above, record the entry to retire the bonds on October 1, 2023, for cash of: a. $881,000 b. $883,500 c. $886,900

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