Problemi In each of the following independent cases, the company closes its books on December 31. Culver Co sells $S14,000 of 8% 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 o decimal places, e.g.38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds sold to Yleld Carrying Cash Interest Discount Amount of Date Paid Expense Amortired Bonds 3/1/20 9/1/20 3/1/21 9/1/21 3/1/22 9/1/22 3/1/23 9/1/23 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, c.9. 1.25124 and the final answers to o decimal places e... 58,971. If no entry is required, select "No Entry for the account titles and enter o for the amounts Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Show All