SkysongLtd. issued a $953,000, 10-year bond dated January 1, 2020. The bond was sold to yield 12% effective interest. The bond paid 10% interest on January 1 and July 1 each year. The companys year-end was December 31, and Skysong followed IFRS. Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the amount received for the bond, and any discount or premium on the bond.

Proceeds from sale of bond		$
DiscountPremium on bond		$

Prepare the journal entries for above transactions. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
January 1, 2020July 1, 2020December 31, 2020January 1, 2021
January 1, 2020July 1, 2020December 31, 2020January 1, 2021
January 1, 2020July 1, 2020December 31, 2020January 1, 2021
January 1, 2020July 1, 2020December 31, 2020January 1, 2021