In each of the following independent cases, the company closes its books on December
Skysong Co sells $ of bonds on March The bonds pay interest on September and March The due date of
the bonds is September The bonds yield Give entries through December
a Prepare a bond amortization schedule using the effectiveinterest method for discount and premium amortization. Amortize
premium or discount on interest dates and at yearend. Round answers to decimal ploces, eg
b Prepare all of the relevant joumal entries from the time of sale untili December Assume that no reversing entries were
madeRound present value factor calculations to decimal places, es and the final answers to decimal places e e
Record entries in the order disployed in the problem statement. If no entry is required, select No Entry' for the account titles and enter
for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually. List all debit entries
before credit entries
Date
Account Titles and Explanation
Debit
