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On April 1,2017,Kunf Corporation Issued $2,000,000 of 8%,4-Year Bonds Dated

Question 104

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On April 1,2017,Kunf Corporation issued $2,000,000 of 8%,4-year bonds dated April 1,2017,with interest payments made each October 1 and April 1.On the issuance date,the market rat of interest was 10%,resulting in a price of $1,870,737.Kunf Corporation amortizes any premium or discount rate using the effective-interest method.Prepare the effective interest amortization schedule (round to the nearest dollar_for this bond using the following template:
 Unamortized Discount / Semiannual  Amortization  Premium  Bond  Interest  Interest  Interest  Discount/  Account  Carrying  Period  Payment  Expense  Premium  Balance  Amount  Issue Date: 12345678\begin{array} { | c | c | c | c | c | c | } \hline&&&&\text { Unamortized}\\&&&&\text { Discount /}\\\text { Semiannual } & & & \text { Amortization } & \text { Premium } & \text { Bond } \\\text { Interest } & \text { Interest } & \text { Interest } & \text { Discount/ } & \text { Account } & \text { Carrying } \\\text { Period } & \text { Payment } & \text { Expense } & \text { Premium } & \text { Balance } & \text { Amount }\\\hline \text { Issue Date: } & & & & & \\\hline 1 & & & & & \\\hline 2 & & & & & \\\hline 3 & & & & & \\\hline 4 & & & & & \\\hline 5 & & & & & \\\hline 6 & & & & & \\\hline 7 & & & & & \\\hline 8 & & & & & \\\hline\end{array}

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