BU Curriculum Corporation issued $900,000 of 7% bonds on August 1, 2019, due on August 1, 2024. The interest is to be paid twice a year on February 1 and August 1. The bonds were sold to yield 9% effective annual interest. BU Curriculum Corporation closes its books annually on December 31.

(d)Complete an amortization schedule for the above bond (for all periods) using the straight-line amortization method (entries are not required).

Date	Credit Cash Payment	Debit Interest Expense	Amortization of Bond Discount	Carrying amount of Bonds
August 1, 2019				$ 828,760
February 1, 2020	$ 31,500	$ 38,624	$ 7,124	$ 835,884
August 1, 2020	$ 31,500	$ 38,624	$ 7,124	$ 843,008
February 1, 2021	$ 31,500	$ 38,624	$ 7,124	$ 850,132
August 1, 2021	$ 31,500	$ 38,624	$ 7,124	$ 857,256
February 1, 2022	$ 31,500	$ 38,624	$ 7,124	$ 864,380
August 1, 2022	$ 31,500	$ 38,624	$ 7,124	$ 871,504
February 1, 2023	$ 31,500	$ 38,624	$ 7,124	$ 878,628
August 1, 2023	$ 31,500	$ 38,624	$ 7,124	$ 885,752
February 1, 2024	$ 31,500	$ 38,624	$ 7,124	$ 892,876
August 1, 2024	$ 31,500	$ 38,624	$ 7,124	$ 900,000

Need assistance with the formula for Debit Interest Expense. I believe that my formula is currently incorrect.