Shamrock Co. sells $435,000 of 12% bonds on June 1, 2017. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2021. The bonds yield 8%. On October 1, 2018, Shamrock buys back $130,500 worth of bonds for $136,500 (includes accrued interest). 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, e.g. 38,548.)

1ST PICTURE BLANKS REQUIRED (TOP PICTURE)

Prepare all of the relevant journal entries from the time of sale until the date indicated. Give entries through December 1, 2019. (Assume that no reversing entries were made.) (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

2ND & 3RD PICTURE OF JOURNAL REQUIRED

Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Carrying Amount of Bonds Discount Amortized Cash Paid Interest Date Expense 12/1/18 12/1/19 6/1/20 12/1/20 6/1/21 Account Titles and Explanation 10/1/18 Date Debit Credit (To record buy back of bonds) 12/1/18 2/31/17 12/31/18 10/1/18 To record interest expense and premium amortization) 10/1/18 12/1/19 record buy back of bonds