Teal Co. sells $431,000 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, Teal buys back $137,920 worth of bonds for $144,920 (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.)

Effective-Interest Method Bonds Sold to Yield Cash Paid Discount Amount of Date ExpenseAmortized Bonds 12/1/18 12/1/19 6/1/20 12/1/20 5/1/21 258 Difference due to rounding Prepare all of the relevant ournal entries from the tm of sale unt the date indicated. Give entries through December 1, 2019, (Assume that no reversing entries were made.) account titles are automatically indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Bonds Payable 431 on Bonds Payable 2/1/17 nterest Expense on Bonds Payable Cash 12/31/17 Interest Expense on Bonds Payable Interest Payable 6 1/18 Interest Expense Payable on Bonds Payable Cash 10 1/18 Interest Expense on Bonds Payable (To record interest expense and prem um amortzation) 10/1/18 Bands Payable an Bonds Payable n on Redemption of Bonds (To record buy beck of bonds) 12/1/18 Interest Expense on Bonds Payable 12/31/18 Interest Expense on Bonds Payable Interest Payable 6V1/19 Interest Expense on Bonds Payable 12/1/19 Tnterest Expanse on Bonds Payable