On May $1,2023,$ AC$3220$ Ltd$.$ issued $$2,000,000,8\%$ bonds and received cash proceeds of $$1,774,519.$ The bonds pay interest semi$-$annually on May $1$ and November $1.$ The maturity date on these bonds is November $1,2031.$ Salinas uses the effective$-$interest method of amortizing bond discounts and premiums. The bonds were sold to yield an effective$-$interest rate of $10\%.$

Instructions

Complete the following partial amortization table.

Do all entries for $2023$ and $2024.$ Assume the company has an April $30$ yearend