- / 10 Question 1 of 1 In each of the following independent cases, the company closes its books on December 31 (a) Windsor Co. sells $507.000 of 8% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2023. The bonds yield 12%. Give entries through December 31, 2021. Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. Amortize premium or discount on interest dates and at year-end. (Round answers to decimal places, eg. 38,548) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield C An Interest Cash Paid Discount Amortized Date Expense 3/1/20 $ $ $ 9/1/20 3/1/21 9/1/21 3/1/22 9/1/22 3/1/23 9/1/23 Prepare all of the relevant journal entries from the time of sale until December 31, 2021. (Assume that no reversing entries were made) (Round present volut factor calculations to decimal places 125124 and the final onwers to decimal placeres 50.97L no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are outomatically indented when amount is entered. Do not inden manually) Date Account Titles and Explanation Debit Credit 2020 Prepare all of the relevant journal entries from the time of sale until December 31, 2021. (Assume that no reversing entries were made. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answers to decimal places es. 58,971. 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) Date Account Titles and Explanation Debit Credit 3/1/20 3/1/21 Textbook and Media List of Accounts