Sarasota $Co.$ sells $$424,000of12\%$ 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 $10\%.On$ October $1,2026,$ Sarasota buys back $$131,440$ worth $of$ bonds for

$$138,440(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 $to0$ 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 $to5$ decimal places, $e.g.1\mathrm{.}25124$ and the final answers $to0$ decimal

places, $e.g.58,971.$ Record entries $in$ the order displayed $in$ the problem statement. $Ifno$ 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.$)$

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