File Home Insert Design Layout References Mailings Review View Help Acrobat Table Design Layout Normal 1 No Spac... Heading 1 AaBbCcDc AaBbCcDe AaBbC. AaBbCct Heading 2 Paste Clipboard & Verdana A A Aa AEE24 BIUab x, xAA Font Ty Paragraph: In each of the following independent cases, the company closes its books on December 31. Culver Co. sells $514,000 of 8% bonds on March 1, 2017. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2020. The bonds yield 12%. Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. Styles Amortize premium or discount on interest dates and at year-end. (Round answers to 0 decimal places, ., 38,548.) Schedule of Bond Discount Amortization Effective Interest Method Bonds Sold to Yield Cash Interest Date: Paid Expense Discount Amortized Carrying Amount of Bonds 3/1/17 9/1/17 3/1/18 9/1/18 3/1/19 9/1/19 3/1/20 9/1/20 T 13 10 Search 9