On June $1,2024,$ Blossom Bottle Company sold $$3,720,000$ in long$-$term bonds for $$3,262,833.$ The bonds will mature in $10$ years and have a stated interest rate of $8\%$ and a yield rate of $10\%.$ The bonds pay interest annually on May $31$ of each year. The bonds are to be accounted for under the effective$-$interest method.

$($a$)$

Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May $31.$ Include only the first four years. $($Round answers to $0$ decimal places, e$.$g$.25,000.)$

Date

$\frac{6}{1}\frac{?}{24}$

$\frac{5}{31}\frac{?}{25}$

$\frac{5}{31}\frac{?}{26}$

$\frac{5}{31}\frac{?}{27}$

$5/31/28$

Carrying Amount

Debit Interest Expense

Credit Bond Discount

Bonds

$

$

$