MILCH Question 21 of 23 - / 20 THE View Policies Current Attempt in Progress On January 1, 2020, Cheyenne Company purchased 8% bonds having a maturity value of $200,000 for $216,849.76. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Cheyenne Company uses the effective interest method to allocate unamortized discount or premium. The bonds are classihed in the held-to-maturity category Prepare the journal entry at the date of the bond purchase. (Enter answers to 2 decimal places, eg 2.525.25. Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Prepare a bond amortization schedule. (Round answers to 2 decimal places es 2.525.25) Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method Interest Premium Revenge Amortized Cash Received Dale Carrying A of Bon 1/1/20 $ $ 11/21 11/22 Type here to search Question 21 of 23 /20 !!! Prepare a bond amortization schedule. (Round answers to 2 decimal places, eg 2.525625) Schedule of Interest Revenue and Bond Premium Amortization Effective Interest Method Interest Premium Revenue Amortized Cash Recelved Carrying A of Bon Date 1/1/20 $ $ $ 1/1/21 1/1/22 1/1/23 1/1/24 1/1/25 Prepare the journal entry to record the interest revenue and the amortization at December 31, 2020, (Round answers to 2 decimal places, es 2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit Date Dec. 31. 2020 Type here to search Question 21 of 23 - /20 E Prepare the journal entry to record the interest revenue and the amortization at December 31, 2020. Round answers to 2 decimal places, s. 2,525.25. Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Account Titles and Explanation Debit Credit Date Dec 31 2020 Prepare the journal entry to record the interest revenue and the amortization at December 31, 2025. (Round answers to 2 decimal places, eg 2,525.25. Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account tities and enter for the amounts) Account Titles and Explanation Debit Credit Date Dec 31, 2021 Save for Liter Attempts of 1 used Sumit Answer Type here to search