Question $1$ of $2$

$\frac{30}{60}$

Teal Co$.$sells $$365,000$ of $12\%$ bonds on June $1,2025.$ The bonds pay interest on December $1$ and June $1.$ The due date of the bonds is June $1,2029.$ The bonds yield $10\%.$ On October $1,2026,$ Teal buys back $$120,450$ worth of bonds for $$127,450($includes eccrued interest$).$ Give entries through December $1,2027.$

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 ploces, eg$.38,548.)$

Prepare all of the relevant journal entries from the time of sale until December $31,2027.($Assume that no reversing entries were made$)($Round present value factor calculations to $5$ decimal places, es$.1\mathrm{.}25124$ and the final answers to $0$ decimal places, e$8,58,971$ Record entries in the order disployed in the problem statement. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are outamatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Debit