Your answer is partially correct. Try again. Pina Co. sells $431,000 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 8%. On October 1, 2021, Pina buys back $137,920 worth of bonds for $144,920 (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, e.g. 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Cash Paid Interest Expense Premium Amortized Carrying Amount of Bonds Date T 489036 25860 19561 6299 482737 6/1/201 12/1/2017 6/1/21 11 12/1/21* 2586017 19309 6551 | 476186 25860 T 19047 6813 T 469373 6/1/22 18774 T 7086 T 462287 25860 258607 ! 18491 7369 T 454918 12/1/227 6/1/237 12/1/237 258601 181961 7664|| 447254 25860 T 17890 797011 439284 6/1/24 7 258601T 17574 T 8284|| 431000 * 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 made.) (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to o decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) VVCI Tauc.) (RUUTU PI COCIIL varuc TALLUI LarLuiALIULIS LU UCLrnar PialCS, Cry. 1.20124 anu LIIC Trai an>VCI LU o decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 6/1/20 TCash 489036 T Premium on Bonds Pay: 58036 431000 T Bonds Payable 12/1/20 Interest Expense T 19561 Premium on Bonds Payable T 6299 Cash 25860 12/31/20 Interest Expense 321811 Premium on Bonds Payable T 1092 4310 T Interest Payable 6/1/21 Interest Expense T 16092 Interest Payable T 4310|| Premium on Bonds Payable T 5459 T Cash 25860 10/1/21 Interest Expense T 4063 Premium on Bonds Payable 1453 1 cash 5516 (To record interest expense and premium amortization) TPremium on Bonds Payable Tcash 5516 (To record interest expense and premium amortization) 10/1/21 Bonds Payable 137920 Premium on Bonds Payable TGain on Redemption of Boi TCash (To record buy back of bonds) 12/1/21 12/31/21 6/1/22 12/1/2217 SHOW LIST OF ACCOUNTS