Question 4 of 4 < 18 View Policies Current Attempt in Progress In each of the following independent cases, the company closes its books on December 31. - (a) Sage Co. sells $482,000 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 0 decimal places, eg. 38,548) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Date Cash Paid 3/1/201 9/1/20 3/1/21 9/1/21 3/1/22 9/1/22 3/1/23 w/1/23 I Interest Expense Carrying Discount Amortized Amount of Bonds Prepare all of the relevant journal entries from the time of sale until December 31, 2021. (Assume that ne reversing entries were made) (Round present value factor calculations to 5 decimal places a 125 124 and the final answers to 0 decimal plac no entry is required, select "No Entry for the account tides and ender 0 for the amounts Credit account titles are uttally indented when amount is entersd Do not indent manually) Date Account Titles and Explanation 3/1/20 Debit Credi