On June $1,2024,$ Wildhorse Bottle Company sold $$3,660,000$ in long$-$term bonds for $$3,210,206.$ The bonds will mature in $10$ years

and have a stated interest rate of $8\%$ and a yleld 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$)$

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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, es$.25,000.)$

$($c$)$

Assuming that interest and discount amortization are recorded each May $31,$ prepare the adjusting entry to be made on

December $31,2026.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is

required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries. Round answers to $0$

decimal places, es$.25,000.)$

Account Titles and Explanation

Debit

Credit