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BU Curriculum Corporation issued $900,000 of 8% on November 1, 2018, due on November 1, 2023. The interest is to be paid twice a year on Nov. 1 and May 1. The bonds were sold to yield 10% effective annual interest. BU Curriculum Corporation closes its books annually on December 31.

Date    Credit Cash Debit Interest Expense Credit Bond Discount Carrying Amount of Bonds
Nov. 1, 2018
May. 1, 2019 (continue schedule using excel)

Complete an amortization schedule for the above bond (for all periods) using the STRAIGHT-LINE AMORTIZATION METHOD. Round to nearest dollar

PV=$830504 Payment =36000

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