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Ayayai Co . sells $ 3 9 6 , 0 0 0 of 1 2 % bonds on June 1 , 2 0 2 5

Ayayai Co. sells $396,000 of 12% bonds on June 1,2025. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1,2029. The bonds yield 8%. On October 1,2026, Ayayai buys.back $118,800 worth of bonds for $125,800(includes accrued interest). Give entries through December 1,2027.
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 0 decimal places, e.g.38,548.)
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Prepare all of the relevant journal entryles from the time of sale until December 31,2027.(Assume that no reversing entries were made.)(Round present value factor calculations to 5 decimal places, e.g.1,25124 and the final answers to 0 decimal places, e.g.58,971. Record entries in the order displayed in the problem statement. 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 the amount is entered. Do not indent manually, List all debit entries before credit entries.)
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