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On January 1, 2020, Windsor Company purchased $370,000, 8% bonds of Aguirre Co. for $341,429. The bonds were purchased to yield 10% interest. Interest is

On January 1, 2020, Windsor Company purchased $370,000, 8% bonds of Aguirre Co. for $341,429. The bonds were purchased to yield 10% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1, 2025. Windsor Company uses the effective-interest method to amortize discount or premium. On January 1, 2022, Windsor Company sold the bonds for $343,034 after receiving interest to meet its liquidity needs.

Prepare the amortization schedule for the bonds. (Round answers to 0 decimal places, e.g. 1,250.)

Schedule of Interest Revenue and Bond Discount AmortizationEffective-Interest Method Bonds Purchased to Yield

Date

Interest Receivable Or Cash Received

Interest Revenue

Bond Discount Amortization

Carrying Amount of Bonds

1/1/20 $

$

$

$

7/1/20

1/1/21

7/1/21

1/1/22

7/1/22

1/1/23

7/1/23

1/1/24

7/1/24

1/1/25

Total $

$

$

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