In each of the following independent cases, the company closes its books on December 31. Click here to view factor tables. (a) Skysong Co. sells $492,000 of 10% bonds on March 1, 2025. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2028. The bonds yield 12%. Give entries through December 31, 2026. 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.) 10 5 5 $ Cash Paid 24,600 Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Interest Expense 0 $ Discount Amortized 0 Carrying Value of Bonds

Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield 12/31/26 Interest Expense Discount on Bonds Payable Interest Expense In each of the following independent cases, the company closes its books on December 31. Click here to view factor tables. (a) Skysong Co. sells $492,000 of 10% bonds on March 1, 2025. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2028. The bonds yield 12%. Give entries through December 31, 2026. 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, es. 38,548. TABLE 6.2 Present Value of 1 (Present Value of a Single Sum) TABLE 6.4 Present Value of an Ordinary Annuity of 1 12/31/25 Discount on Bonds Payable \begin{tabular}{|l|l|} \hline Cash & I \\ \hline Interest Expense & Cash \\ \hline \end{tabular} Interest Payable Discocint on Bonds Payable: Cash 9/1/26 Interest Expense Discount on Bonds Payable Cash 12/31/26 Interest Expense TABLE 6.4 Present Value of an Ordinary Annuity of 1 TABLF 6.4 Present =11(1+n1 TABLE 6.3 Future Value of an Ondinary Annuity of 1 FVFOAN=1[1+nn1 (n) TABLE 6.2 Present Value of 1 Prepare all of the relevant journal entries from the time of sale until December 31,2026 . (Assume that no reversing entries were made.) (Round present value foctor colculations to 5 decimal ploces, es. 1.25124 and the final answers to 0 decimal places, eg. 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 O 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) TABLE 6.3 Future Value of an Ordinary Annulty of 1