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Larkspur Cosells $507.000 of 8% bonds on March 1, 2020. The bonds pay interest on September and March 1. The due date of the bonds

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Larkspur Cosells $507.000 of 8% bonds on March 1, 2020. The bonds pay interest on September 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.38,548) Schedule of Bond Discount Amortization Effective Interest Method Bonds Sold to Yield Cash Paid Interest Expense Date Car Amo B Discount Amortized 3/1/20 $ I 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, eg. 1.25124 and the final answers to decimal places es. 58,971. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit te Account Titles and Explanation Prepare the relevan journal entries from the same STL Entry Date Account Tities and Explanation Credit 2/1/20 3/1/21

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