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Sanford Co sells $ 500,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 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 Carrying Cash Discount Expense Bonds Interest Amount of Date Paid Amortized $ $ 3/1/20 $ 9/1/20 3/1/21 9/1/21 3/1/22 9/1/22 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 eg. 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 Date Account Titles and Explanation 3/1/20 Cash Discount on Bonds Payable Bonds Payable > Titania Co. sells $ 400,000 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 10%. On October 1, 2021. Titania buys back $ 120,000 worth of bonds for $ 126,000 (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 decimal places, eg, 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Carrying Amount o Bonds Cash Paid Interest Expense Premium Amortized Date $ $ $ $ 6/1/20 12/1/20 6/1/21 12/1/21 6/1/22 12/1/22 Difference due to rounding Prepare all of the relevant journal entries from the time of sale until December 31, 2022. (Assume that no reversing entries were made.) (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to decimal places eg. 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 Date Account Titles and Explanation 6/1/20 12/1/20 12/31/20 (To record interest expense and premium amortization) 10/1/21 (To record buy back of bonds) 12/1/21 12/31/21 6/1/22 12/1/22