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Question: bu curriculum corporation issued 900000 of 8 bonds on november...

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BU curriculum corporation issued $900,000 of 8% bonds 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.

A. Complete an amortization schedule for the above bond (for all periods) in a similar format as below. (round all answers to nearest dollar.) Use the effective interest method.

Date Credit Cash Debit interest expense credit bond discount carrying amount of bonds
Nov. 1 2018 use the PV formula in excel

May. 1 2019

....continue schedule

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