Your answer is partially correct. On April 1, 2020, Whispering Company sold 19,800 of its 10%, 15-year $1,000 face value bonds at 97. Interest payment dates are April 1 and October 1, and the companyuses the straight-line method of bond discount amortization. On March 1, 2021, Whispering took advantage of favorable prices of its stock to extinguish 5,700 of the bonds by issuing 188,100 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 $31 per share on March 1,2021. Prepare the journal entries needed on the books of Whispering Company to record the following. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) (c) (d) April 1, 2020: issuance of the bonds. October 1, 2020: payment of semiannual interest. December 31, 2020; accrual of interest expense. March 1, 2021: extinguishment of 5,700 bonds. (No reversing entries made.) Credit No. Date Debit Account Titles and Explanation Cash 19404000.00 (a) 4/1/20 396000.00 Discount on Bonds Payable 19800000.00 Bonds Payable No. Date Account Titles and Explanation Debit Credit (a) 4/1/20 Cash 19404000.00 Discount on Bonds Payable 396000.00 Bonds Payable 19800000.00 (b) 10/1/20 Interest Expense 1003200.00 Discount on Bonds Payable 13200.00 Cash 990000.00 (c) 12/31/20 Interest Expense 501600.00 Discount on Bonds Payable 6600.00 Interest Payable 495000.00 (d) 3/1/21 Interest Payable 142500.00 Interest Expense 96266.67 Cash 237500.00 Discount on Bonds Payable 1266.67 (To record interest and discount on bonds retired) 3/1/21 Bonds Payable 5700000.00 Loss on Redemption of Bonds 238133.33 12/31/20 Interest Expense 990000.00 501600.00 Discount on Bonds Payable 6600.00 Interest Payable 495000.00 3/1/21 Interest Payable 142500.00 Interest Expense 96266.67 Cash 237500.00 1266.67 Discount on Bonds Payable (To record interest and discount on bonds retired) Bonds Payable 3/1/21 5700000.00 Loss on Redemption of Bonds 238133.33 Discount on Bonds Payable 107033.33 Common Stock 1881000.00 Paid-in Capital in Excess of Par - Common Stock 3950100,00 (To record extinguishment of the bonds)