Concord Corporation issued $5,160,000 of 8% bonds on October 1, 2020, due on October 1, 2025. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest. Concord Corporation closes its books annually on December 31.

Concord Corporation issued $5,160,000 of 8% bonds on October 1, 2020, due on October 1, 2025. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest. Concord Corporation closes its books annually on December 31. (a) Complete the following amortization schedule for the dates indicated. Use the effective-interest method. (Round answers to decimal places, eg. 5,275.) Cash Interest Expense Bond Discount Carrying Amount of Bonds $4.761. Date October 1.2020 April 1, 2021 October 1,2021 List of Accounts Save for Later Attempts: 0 of 1 used Submit