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The following amortization and interest schedule reflects the issuance of 10-year bonds by Cullumber Corporation on January 1, 2019, and the subsequent interest payments and

The following amortization and interest schedule reflects the issuance of 10-year bonds by Cullumber Corporation on January 1, 2019, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly. Year 1/1/2019 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Cash Amortization Schedule $14,000 $15,730 15,990 16,288 16,631 17,026 17,480 14,000 14,000 14,000 14.000 14,000 14,000 14,000 Interest 14,000 14,000 18,002 18,602 19.293 20.090 Amount Unamortized $35,132 33,402 31,412 29,124 26,493 23,467 19,987 15,985 11.383 6,090 Carrying Value $ 104,868 106,598 108,588 110,876 113,507 116.533 120,013 124,015 128,617 133,910 140,000 A
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The following amortization and interest schedule reflects the issuance of 10 -year bonds by Cullumber Corporation on Jamuary 2. 2019, and the subsequent interest paynentsand charges. The company/syearend b December 31 , and financial statements are prepared once yearly. a. Indicate whether the bonds were issued at a premlum or a discount. b. Indicate whether the amortizationschedulo is based on the straight-fine method or the effective-iaterest method c. Determine the stated interest rate and the effective-interest rate. is entered. Do not indent manually. Ust all debit entries before credit entriess. e. On the basis of the schedule above, prepare the journal dentry or entries to record the bond transactions and accruals for 2019. (interest is paid January 1) of no entry is required, select "No Entry" for the account titles and enter O for the omounts. Credit occount tieles are outomatically indented when the omount is entered. Do not indent manually. List all debit entries before creafit entries]. t. On the basis of the schedule above, prepare the joumal entry or entries to record the bond transactions and accruas for 2026. Cullumber Gorporation doei not wie reveraing entriek, (Record entries in the order displaped in the problem statement. If no entry is is entered. Do not indent manualb, Ust oll debit entriet before credit entries

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