Buffalo Co. sells $399,000 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, Buffalo buys back $119,700 worth of bonds for $126,700 (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. (Round answers to O decimal places, e.g. 38,548.) Schedule of Bond Discount Amortization Effective Interest Method Bonds Sold to Yield Cash Paid Interest Expense Premium Amortized Car Amc BC Date 6/1/20 $ $ 0 $ $ $ 0 $ 12/1/20 23940 18109 5831 6/1/21 23940 17876 6064 12/1/21 23940 17633 6307 6/1/22 23940 17381 6559 12/1/22 23940 17119 6821 6/1/23 23940 16846 7094 12/1/23 23940 16562 7378 6/1/24 23940 16267 7673 Carrying Amount of Bonds $ 452727 446896 440832 434525 427966 421145 414051 406673 399000 Prepare all of the relevant journal entries from the time of sale until December 31, 2022. (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 decimal places e.g. 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.) Debit Credit Date 6/1/20 Account Titles and Explanation Cash 452727 Premium on Bonds Payable 53727 Bonds Payable 399000 12/1/20 Interest Expense 18109 Premium on Bonds Payable 5831 Cash 23940 12/31/20 Interest Expense 11917 Premium on Bonds Payable 4043 Interest Payable 15960 6/1/21 10/1/21 (To record interest expense and premium amortization) 10/1/21 (To record buy back of bonds) 12/1/21 12/31/21 6/1/22 12/1/22