On January 1, 2020, Kingbird Company purchased 9% bonds having a maturity value of $410,000, for $443,623.28. The bonds provide the bondholders with a 7% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Kingbird Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.

the journal entry at the date of the bond purchase. (Enter answers to 2 decimal places, e.g. 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 0 for the amounts.)

Date Account Titles and Explanation Debit Credit

Jan. 1, 2020 enter an account title to record the transaction on January 1, 2020

enter a debit amount enter a credit amount

enter an account title to record the transaction on January 1, 2020

enter a debit amount enter a credit amount

a bond amortization schedule. (Round answers to 2 decimal places, e.g. 2,525.25.)

Schedule of Interest Revenue and Bond Premium Amortization

Effective-Interest Method

Date Cash Received Interest Revenue Premium Amortized Carrying Amount of Bonds

1/1/20 $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places

$enter a dollar amount rounded to 2 decimal places

$enter a dollar amount rounded to 2 decimal places

1/1/21

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

1/1/22

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

1/1/23

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

1/1/24

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

1/1/25

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

enter a dollar amount rounded to 2 decimal places

the journal entry to record the interest revenue and the amortization at December 31, 2020. (Round answers to 2 decimal places, e.g. 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 0 for the amounts.)

Date Account Titles and Explanation Debit Credit

Dec. 31, 2020

enter an account title to record the transaction on December 31, 2020

enter a debit amount

enter a credit amount

enter an account title to record the transaction on December 31, 2020

enter a debit amount

enter a credit amount

enter an account title to record the transaction on December 31, 2020

enter a debit amount

enter a credit amount

the journal entry to record the interest revenue and the amortization at December 31, 2021. (Round answers to 2 decimal places, e.g. 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 0 for the amounts.)

Date Account Titles and Explanation Debit Credit

Dec. 31, 2021

enter an account title to record the transaction on December 31, 2021

enter a debit amount

enter a credit amount

enter an account title to record the transaction on December 31, 2021

enter a debit amount

enter a credit amount

enter an account title to record the transaction on December 31, 2021