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Culver Company sells 10% bonds having a maturity value of $2,390,000 for $2.217,700. The bonds are dated January 1, 2020, and mature January 1, 2025.

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Culver Company sells 10% bonds having a maturity value of $2,390,000 for $2.217,700. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to decimal places, 4.8.38,548) Schedule of Discount Amortization Straight-Line Method Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds

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