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Pina Co. sells $397,000 of 12% bonds on June 1,2020 . The bonds pay interest on December 1 and June 1 . The due date
Pina Co. sells $397,000 of 12% bonds on June 1,2020 . The bonds pay interest on December 1 and June 1 . The due date of the bonds is June 1, 2024. The bonds yield 8%. On October 1,2021 , Pina buys back $127,040 worth of bonds for $132,040 (includes accrued interest). Give entries through December 1,2022. 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.) ( 10 recora Duy Dack ot Donas)
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