Shefffield Co$.$ sells $$424000$ of $12\%$ bonds on June $1,2025.$ The Bonds pay interest on December $1$ and June $1.$ The due date of the bond is June $1,2029.$The bond yields $10\%.$ On October $1,2026,$ Shiffield buys back $$131440$ worth of bonds for $$138,440($including accrued interest$).$ Gives the entries through December $1,2027$

Bonds Payable

Interest Expense

Premium on Bonds Payable

Cash

Interest Expense

Premium on Bonds Payable

Premium on Bonds Payable

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

Bonds Payable

Premium on Bonds Payable

Gain on Redemption of Bonds

$($To record buy back of bonds$)$ Premium on Bonds Payable

Interest Expense

Premium on Bonds Payable

Interest Payable

Interest Expense

Interest Payable

Premium on Bonds Payable

Cash

Interest Expense $1$ Premium on Bonds Payable

Interest Payable

$6/1/27$

Interest Expense

Interest Payable

Premium on Bonds Payable

Cash

$12/1/27$

Premium on Bonds Payable

cash