Bonita Co. sells $425,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2024. The bonds yield 8%. On October 1, 2021, Bonita buys back $136,000 worth of bonds for $142,000 (includes accrued interest). Give entries through December 1, 2022. 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.

date	cash paid	interest expense	premium amortized	carrying amount of bonds
6/1/20
12/1/20
6/1/21
12/1/21
6/1/22
12/1/22
6/1/23
12/1/23
6/1/24

Prepare all of the relevant journal entries from the time of sale until December 31, 2022.

6/1/20

cash

premium on bonds payable

bonds payable

12/1/20

interest expense

premium on bonds payable

interest payable

12/31/20

interest expense

premium on bonds payable

interest payable

6/1/21

interest expense

interest payable

premium on bonds payable

cash

10/1/21

bonds payable

premium on bonds payable

gain on redemption of bonds

cash

12/1/21

interest expense

premium on bonds payable

cash

12/31/21

interest expense

premium on bonds payable

interest payable

6/1/22

interest expense

interest payable

premium on bonds payable

cash

12/1/22

interest expense

premium on bonds payable

cash