Ayayai Co$.$ sells $\backslash (\backslash$$ $386,000\backslash )$ of $\backslash (12\backslash \%\backslash )$ bonds on June $1,2025.$ The bonds pay interest on December $1$ and June $1.$ The due date of the bonds is June $1,2029.$ The bonds yield $\backslash (8\backslash \%\backslash ).$ On October $1,2026,$ Ayayai buys back $\backslash (\backslash$$ $123,520\backslash )$ worth of bonds for $\backslash (\backslash$$ $129,520\backslash )($includes accrued interest$).$ Give entries through December $1,2027.$

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 $0$ decimal places, e$.$g$.38,548.)$ Prepare all of the relevant journal entries from the time of sale until December $31,2027.($Assume that no reversing entries were made.$)($Round present value factor calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and the final answers to $0$ decimal places, e$.$g$.58,971.$ Record entries in the order displayed in the problem statement. 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 the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$ Bonds Payable

Premium on Bonds Payable

Gain on Redemption of Bonds

Cash

Interest Expense

Premium on Bonds Payable

Cash

$($To record interest expense and premium amortization$)$

Premium on Bonds Payable

$($To record buy back of bonds$)6/1/27$

$12/1/27$