Question: On May 1 , 2 0 2 3 , AC 3 2 2 0 Ltd . issued $ 2 , 0 0 0 , 0

On May 1,2023, AC3220 Ltd. issued $2,000,000,8% bonds and received cash proceeds of $1,774,519. The bonds pay interest semi-annually on May 1 and November 1. The maturity date on these bonds is November 1,2031. Salinas uses the effective-interest method of amortizing bond discounts and premiums. The bonds were sold to yield an effective-interest rate of 10%.
Instructions
Complete the following partial amortization table.
Do all entries for 2023 and 2024. Assume the company has an April 30 yearend

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