Swifty 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 decimal places, eg. 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Carrying Interest Expense Amortized Bonds Discount Amount Cash Pald Date $ 3/1/20 $ $ $ 9/1/20 3/1/21 9/1/21 3/1/22 9/1/22 3/1/23 9/1/23 Date Account Titles and Explanation Debit Credit 3/1/20 Cash Discount on Bonds Payable Bonds Payable 9/1/20 Interest Expense Discount on Bonds Payable Cash 12/31/20 Interest Expense Discount on Bonds Payable Interest Payable 3/1/21 Interest Expense Interest Payable Discount on Bonds Payable Cash 9/1/21 Interest Expense Discount on Bonds Payable Cash 12/31/20 Interest Expense Discount on Bonds Payable Interest Payable 3/1/21 Interest Expense Interest Payable Discount on Bonds Payable Cash 9/1/21 Interest Expense Discount on Bonds Payable Cash 12/31/21 Interest Expense Discount on Bonds Payable Interest Payable