Problem 14-s In each of the following independent cases, the company closes its books on December 31

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Problem 14-s In each of the following independent cases, the company closes its books on December 31 sells $509,000 of 10 % bonds on March 1, 2017. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 2020. The bonds yield 12 % . Headland C 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 od Heruls Sold to Yield Carrying Amount Lasr DScount ed Date 3/1/17t 9/1/17 3/1/18 9/1/18 3/1/19 9/1/19 3/1/20 9/1/20 R071 If no entry is requirod salact “No Entry” for the s unt titlas and ontor a for the amounte Cradit account titles aro utn d datod uhon aouat is entorl the final answer to 0 decimal places e-g Account Titles and Explanation Debit Credit Date 3/1/17 3/1/18 3/1/18 SHOW LIST OF ACCOUNTS 12% bonds on June 1, 2017. The bonds pay interest on December 1 and June 1. The due date of the bonds June 1, 2021. The bonds yield 10 % . On October 1, 2018, Sage buys back $132,990 warth of bonds for $138,990 (includes accrued Sage Co. sells $403,000 interest) discount on interest dates and at vear-end, (Round answers to 0 decimal places, e.q. 38.548 .) Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. Amortize premium chedule of Bond Discount Amortization Effective-Interest Method Bonds Sold t Yield Carrving Amount of Bonds Cash Interest Discount Amortized Paic Date Expense 6/1/17 12/1/17 6/1/19 12/1/18 6/1/19 12/1/19 6/1/20 12/1/20 6/1/21 Difference due to rounding Prapare all of the relavant journal entries from the time af sale until the date indicated. Give entries through December 1, 2019. (Assume that no reversing entries were made.) (Round present value factor calcula tions to 5 decimal places, e.q. 1.25124 and the final decimal places e.g. 58,971. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) answer to Account Titles and Explanation Debit Credit Date 6/1/17 12/1/17 12/31/17 6/1/16 10/1/18 o record intarest axpense and premium amortization) 10/1/18 To record buy back of bonds) 12/1/18 10/1/18 (To record interest expense and premium amortization) 10/1/18 Tn recard huy hark of bonds) 12/1/18 12/31/18 6/1/19 12/1/19 Click if you would like to Show Work for this question: Open Show Work