Question: help me with the read please all the infoni have - Your answer is partially correct. Cullumber Co. sells $429,000 of 12% bonds on June

 help me with the read please all the infoni have -help me with the read please
Your answer is partially correct. Cullumber Co. sells $429,000 of 12% bonds
on June 1, 2020. The bonds pay interest on December 1 and
all the infoni have

- Your answer is partially correct. Cullumber Co. sells $429,000 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, Cullumber buys back $128,700 worth of bonds for $134,700 (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 decimal places, eg. 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Cash Pald Date Interest Expense Premium Amortized 6/1/20 $ $ 12/1/20 25740 19471 6269 6/1/21 25740 19220 6520 12/1/21 25740 18959 6781 6/1/22 25740 18688 7052 12/1/22 25740 18406 7334 6/1/23 25740 18112 7628 12/1/23 25740 17807 7933 6/1/24 25740 17490 8.250 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, es 1.35124 and the final answers to decimal placeses. 58,971. If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account dities are automatically indented when amount is entered. Do notIndent manually Date Account Titles and Explanation Credit 6/1/20 Debit 106767 429000 Difference due to rounding Prepare all of the relevant journal entries from the time of sale until December 31, 2022. (Assume that no reversing entri were made.) (Round present value factor calculations to 5 decimal places, es. 1.25124 and the final answers to decimal places 58,971. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Date 6/1/20 486767 Cash 42900 Bonds Payable 57767 Premium on Bonds Payable 2/1/20 19471 Interest Expense Premium on Bonds Payable 6269 25740 Cash /31/20 Interest Expense 19220 Premium on Bonds Payable 6520 Cash 25740 6/1/21 Bonds Payable 128700 Interest Expense 5148 Premium on Bonds Payable 852 Cash 134700 0/1/21 Interest Expenne 13271 Premium on Bonds Payable 18018 To record interest expense and premium amortization) 0/1/21 To record buy back of bands) (To record interest expense and premium amortization) 0/1/21 (To record buy back of bonds) 2/1/21 /31/21 6/1/22 Premium on Bonds Payable Cash 2/1/22 Interest Expense Premium on Bonds Payable Cash

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