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Your answer is partially co Windsor Co. sells $360,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and
Your answer is partially co Windsor Co. sells $360,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2024. The bonds yield 10%. On October 1, 2021, Windsor buys back $118,800 worth of bonds for $124,800 (includes accrued interest). Give entries through December 1, 2022. 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 O decimal places, eg. 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield $ Cash Paid: Carrying Interest Premium Amount of Expense Amortized Bonds 0 to 0 $ 0 383,268 21600 19163 2437 380831 21600 19042 2,558 378.272 21600 18914 2,686 375586 21600 18779 2,821 372765 21600 18638 2.962 369804 21600 18490 3.110 366694 21600 18335 3,265 363429 21600 18171 3,429 360.000 Difference due to rounding Prepare all of the relevant journal entries from the time of sale until December 31, 2022. (Assume that no reversing entries were madel (Round present value factor calculations to 5 decimal places. es. 1.25124 and the final answers to decimal pla
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