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In each of the following independent cases, the company closes its books on December 31 Your answer is partially correct. Try again. Pronghorn Co sells $528,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2023. The bonds yield 12%. Give entries through December 31, 2021 Prepare a bond amortization schedule using the effective-Interest method for discount ahd premium amortization. Amortize premium or discount on interest dates and at year-end. (Round answer to 6 decimal places, e.g. 38, 548.) Schedule of Bond Discount Amortization Effective Interest Method Bonds Sold to Yield Date Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds 3/1/20 0 9/1/20 26400 31/21 26400 9/1/21 26400 3/1/22 x 26400 Pronghorn Co sells $528,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2023. The bonds yield 12%. Give entries through December 31, 2021. 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.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Carrying Cash Interest Discount Amount of Date Paid Expense Amortized Bonds 3/1/20 0 9/1/20 26400 3/1/21 26400 9/1/21 26400 31/22 26400 91/22 26400 3/1/23 26400 9/1/23 26400 528000