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IC Oriole Co. sells $528,000 of 10% bonds on March 1,2020. The bonds pay interest on September 1 and March 1 The due date of

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IC Oriole Co. sells $528,000 of 10% 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. 18,5418.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Cash Interest Expense Discount Amortized Carrying Amount of Bonds $ $ Date Account Titles and Explanation Debit 3/1/20 3/1/21

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