vanhoe Co. sells $491,000 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.

Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield
Date		Cash Paid		Interest Expense		Discount Amortized		Carrying Amount of Bonds
3/1/20		$		$		$		$
9/1/20
3/1/21
9/1/21
3/1/22
9/1/22
3/1/23
9/1/23

Prepare all of the relevant journal entries from the time of sale until December 31, 2021. (Assume that no reversing entries were made.)

Date	Account Titles and Explanation	Debit	Credit
3/1/20