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Solar Energy Inc. issued a $912,000,5.5%, 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 $912,000,5.5%, five-year bond on October 1, 2020. Interest is paid annually each October 1. Solar's year end is December 31 Period Ending Cash Interest Paid Period Interest Expense Discount Amort. Oct. 1/20 Oct. 1/21 Oct. 1/22 Oct. 1/23 Oct. 1/24 Oct 1/25 $ 50, 160 50, 160 50, 160 50, 160 50, 160 $250,800 50 $ 56,817 57,249 57,710 58,201 58,723 $288,700 Unamortized Carrying Discount Value $37,900 $874,100 31,243 889,757 24,154 887,846 16,604 895, 396 903, 437 912,000 $ 6,657 7,089 7.550 8,041 8,563 $37,900 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 $887.000 b. $895 396 c. $898,900 Journal entry worksheet 2 Record the retirement of bond for $895,396. 3 Record the retirement of bond for $898,900. Credit Note : journal entry has been entered

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