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

Ivanhoe Co. sells $491,000 of 8% 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 0 decimal places, e.g. 38,548.)

Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield
Date		Cash Paid		Interest Expense		Discount Amortized		Carrying Amount of Bonds
3/1/20		$		$		$		$
9/1/20
3/1/21
9/1/21
3/1/22
9/1/22
3/1/23
9/1/23

Prepare all of the relevant journal entries from the time of sale until December 31, 2021. (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 0 decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
3/1/20
3/1/209/1/2012/31/203/1/219/1/2112/31/21
3/1/209/1/2012/31/203/1/219/1/2112/31/21
3/1/21
3/1/209/1/2012/31/203/1/219/1/2112/31/21
3/1/209/1/2012/31/203/1/219/1/2112/31/21