On July 1, 2020, Grouper Aggregates Ltd. purchased 6% bonds having a maturity value of $90,000 for $93,227. The bonds provide the bondholders with a 5% yield. The bonds mature four years later, on July 1, 2024, with interest receivable June 30 and December 31 of each year. Grouper uses the effective interest method to allocate unamortized discount or premium. The bonds are accounted for using the FV-OCI model with recycling. Grouper has a calendar year end. The fair value of the bonds at December 31, 2020 and 2021, was $93,079 and $91,962, respectively. Assume fair value adjustments are recorded at year end only. Immediately after collecting interest on December 31, 2021, the bonds were sold for $91,962. Prepare the journal entry at the date of the bond purchase. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation July 1, 2020 eTextbook and Media List of Accounts Debit Prepare a bond amortization schedule to December 31, 2021. (Round answers to O decimal places, e.g. 5,275.) Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method Date Cash Received July 1. 2020 Dec. 31. $ 2020 June 30, 2021 Dec. 31, 2021 Interest Revenue 69 $ $ Premium Amortized Credit Assistance Used $ Amortized Co