Question 1. On October 1, 2025, the Company issued $400,000…

Question 1. On October 1, 2025, the Company issued $400,000 of 7%, 5-year bonds. The market rate at the time of issue was 9%. The bonds pay interest semiannually on April 1 and October 1 each year. The Company uses the effective-interest method to amortize any discount or premium. On March 1, 2026, the Company redeems the bonds at 102 plus accrued interest. Required: (a) (18 Points) Record the journal entries for the Company for each of the requested dates below. If required to round, round final answers to the nearest whole dollar. Assume that the Company prepares annual adjusting entries on December 31 each year. If no journal entry is required, write “no journal entry is required” – DO NOT LEAVE BLANK.