PRINTER VERSION (BACK NEX Additional Problem 1 On January 1, 2020, Skysong Corporation purchased a newly issued $1,125,000 bond. The bond matured on December 31, 2022, and paid interest at 6% every June 30 and December 31. The market interest rate was 8%. Skysong's fiscal year-end is October 31, and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted using the amortized cost model. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. . Prepare the journal entries on the books of Skysong Corporation for each of the following dates. (Round answers to 2 decimal places, e.g. 52.75. 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 0 for the amounts.) January 1, 2020 June 30, 2020 October 31, 2020 December 31, 2020 December 31, 2022 (two entries) one for interest and one for maturity of bond Date Account Titles and Explanation Debit Credit . V June 30, 2020 Oct. 31, 2020 Dec 31, 2020 Dec 31, 2022 (To record collection of interest.) Dec 31, 2022 (To record matunty of bond.) PRINTER VERSION (BACK NEX Additional Problem 1 On January 1, 2020, Skysong Corporation purchased a newly issued $1,125,000 bond. The bond matured on December 31, 2022, and paid interest at 6% every June 30 and December 31. The market interest rate was 8%. Skysong's fiscal year-end is October 31, and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted using the amortized cost model. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. . Prepare the journal entries on the books of Skysong Corporation for each of the following dates. (Round answers to 2 decimal places, e.g. 52.75. 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 0 for the amounts.) January 1, 2020 June 30, 2020 October 31, 2020 December 31, 2020 December 31, 2022 (two entries) one for interest and one for maturity of bond Date Account Titles and Explanation Debit Credit . V June 30, 2020 Oct. 31, 2020 Dec 31, 2020 Dec 31, 2022 (To record collection of interest.) Dec 31, 2022 (To record matunty of bond.)