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two part question? (a) Culver Co. sells $509,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1.

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(a) Culver Co. sells $509,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2023. The bonds yield 12%. Give entries through December 31, 2021. Prepare a bond amortization schedule using the effective interest method for discount and premium amortization. Amortize premium or discount on interest dates and went (Round answers to decimal places, e.g. 18,548) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Carrying Cash Interest Discount Amount of Date Paid Expense Amortized Bonds 3/1/20 9/1/20 3/1/21 9/1/21 3/1/22 9/1/22 3/1/23 9/1/23 Prepare all of the relevant Journal entries from the time of sale until December 31, 2021. (Assume that no reversing entries were made) (Round present value factor calculations to s decimal places, e.g. 1.25124 and the final answers to o decimal places e.g. 58, 971. If no entry is required, select No Entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) linhts Reserved. A Division of John Wile. In ESTIM Intermediate Financial Accent II C CALCULATOR HEWAGE MY Prepare all of the relevant journal entries from the time of sale un December 31, 2021. (Asume that no reversing entries were made) (end se va factor calculations to 5 decimal places, eg. 1.25124 and the final answers to decimal places #971. If no entry is required lectentry for the countries and entert the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) STANDARD Date Account Titles and Explanation 3/1/20 Debit Credit 3/1/21 Ook init 11

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