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Novak Corp. issued $ 400,000,  6%,  25-year bonds on January 1, 2017, for $ 353,386. This price resulted in an effective-interest rate of  7% on the bonds. Interest is payable annually on January 1. Novak uses the effective-interest method to amortize bond premium or discount.

Prepare the schedule using effective-interest method to amortize bond premium or discount of Novak Corp.. (Round answers to 0 decimal places, e.g. 5,250.)

Interest
Periods

Interest to
Be Paid

Interest Expense
to Be Recorded

Discount
Amortization

Unamortized
Discount

Bond
Carrying Value

Issue date

1

2

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