In each of the following independent cases, the company closes its books on December $31.$

Skysong Co$.$ sells $$532,000$ of $8\%$ 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 $31,2026.$

$($a$)$ 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 ploces, eg$,38,548.)$

$($b$)$ Prepare all of the relevant joumal entries from the time of sale untili December $31,2026.($Assume that no reversing entries were

made$)($Round present value factor calculations to $5$ decimal places, es$.1\mathrm{.}25124$ and the final answers to $0$ decimal places e e$8.58,971.$

Record entries in the order disployed in the problem statement. If no entry is required, select $"$No Entry' for the account titles and enter $0$

for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually. List all debit entries

before credit entries$)$

Date

Account Titles and Explanation

Debit