View Policies Show Attempt History Current Attempt in Progress On June 1, 2019, Skysong Company sold $2,640,000 in long-term bonds for $2,315,600. The bonds will mature in 10 years and have a stated interest rate of 8% and a yield rate of 10%. The bonds pay interest annually on May 31 of each year. The bords are to be accounted for under the effective interest method. (a) Your answer is correct Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May 31 (Please round interest expense and bond discount columns to zero decimal places) M Date Credit Cash Debit Interest Expense Credit Bond Discount Carrying Amount of Bonds Q M 10 Your answer is correct. Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May 31. (Please round interest expense and bond discount columns to zero decimal places.) Date Credit Cash Debit Interest Expense Credit Bond Discount Carrying Amount of Bonds 1/19 2315600 1/20 $ 211200 S 231560 $ 20360 2335960 1/21 211200 233596 22396 2358356 122 211200 235836 24636 2382992 1/23 211200 238299 27099 2410091 M Assuming that interest and discount amortization are recorded each May 31, prepare the adjusting entry to be made on December 31, 2021. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31 e Textbook and Media