Skysong Co. sells $404,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2024. The bonds yield 10%. On October 1, 2021, Skysong buys back $125,240 worth of bonds for $130,240 (includes accrued interest). Give entries through December 1, 2022. 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 decimal places, e.g. 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Cash Paid Interest Expense Premium Amortized Carryi Amoun Bond Date 6/1/20 $ $ $ LA $ LA 12/1/20 24240 21506 2734 6/1/21 24240 21369 2871 12/1/21 24240 21225 3015 6/1/22 24240 21075 3165 12/1/22 24240 20916 3324 6/1/23 24240 20750 3490 12/1/23 24240 20576 3664 24240 21225 3015 6/1/22 24240 21075 3165 12/1/22 24240 20916 3324 6/1/23 24240 20750 3490 12/1/23 24240 20576 3664 6/1/24 24240 20392 3848 * Difference due to rounding Prepare all of the relevant journal entries from the time of sale until December 31, 2022. (Assume that no reversing entries were made.) (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to 0 decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Debit Credit Account Titles and Explanation Cash 6/1/20 430111 Premium on Bonds Payable 26111 Bonds Payable 404000 12/1/20 Interest Expense 21506 Premium on Bonds Payable 2734 12/1/20 Interest Expense 21506 Premium on Bonds Payable 2734 Cash 24240 12/31/20 Interest Expense 3561 Premium on Bonds Payable 479 Interest Payable 4040 6/1/21 Interest Expense 17807 Interest Payable 4040 Premium on Bonds Payable 2393 Cash 24240 10/1/21 (To record interest expense and premium amortization) 10/1/21 10/1/21 (To record buy back of bonds) 12/1/21 12/31/21 6/1/22 12/1/22 12/1/22 e Textbook and Media List of Accounts