Cheyenne Corp. issued S 370,000, 6%, 20-year bonds on January 1 2017 for $ 330802 This price resulted in an effective interest rate of 7% on the bonds. Interest 6 payable annually on January 1.Cheyenne uses the effective-interest method to amortize bond premium or discount Your answer is partially correct Prepare the schedule using effective interest method to amortize bond premium or discount of Cheyeine Corp (Round answers to O decimal places, eg. 5.250) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Bond Carrying Value Amortization 00802 292560 332523 Issue date 39198 $ 22200 731% 22200 0479 1721 7477 List of Accounts eTextbook and Media Solution