Question: I need help with this question. See the attached document. I have answered some of the journal entries but don't know if they are correct.
I need help with this question. See the attached document. I have answered some of the journal entries but don't know if they are correct.

On April 1, 2014, Seminole Company sold 33,300 of its 11%, 14-year, $1,000 face value bonds at 96. Interest payment dates are April 1 and October 1, and the company uses the straight-line method of bond discount amortization. On March 1, 2015, Seminole took advantage of favorable prices of its stock to extinguish 7,200 of the bonds by issuing 237,600 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 $32 per share on March 1, 2015. Prepare the journal entries needed on the books of Seminole Company to record the following. (Round answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) (c) (d) April 1, 2014: issuance of the bonds. October 1, 2014: payment of semiannual interest. December 31, 2014: accrual of interest expense. March 1, 2015: extinguishment of 7,200 bonds. (No reversing entries made.) Date 4/1/14 Account Titles and Explanation Cash Discount on B Bonds Payable 10/1/14 Interest Expen Discount on B Cash 12/31/14 Interest Expen Discount on B Interest Payab 3/1/15 Debit Credit 3/1/15 Bonds Payable Loss on Rede Discount on B Unamortized B Cash (To record extinguishment of the bonds.)
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