Coronado Co. sells $440,000 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, Coronado buys back $132,000 worth of bonds for $137,000 (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.

Dates

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. (Assume that no reversing entries were made.