Question: On july 1 , 2 0 2 4 cullumber corp issued $ 3 . 8 4 miliion of 1 0 year, 5 % bonds at

On july 1,2024 cullumber corp issued $3.84 miliion of 10 year,5% bonds at $4153948. The price resulted in 4% market interest rate of the bonds. The bonds pay semi-annually interest on July 1 and January 1, and Cullumber has a Decenber 31 year end. a) Prepare an effective interest ammortiation table for the first eight interest patments for these bonds.
 On july 1,2024 cullumber corp issued $3.84 miliion of 10 year,5%

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