On June 1, 2024, Everly Bottle Company sold S3,OOO, 000 in long - term bonds for S2,626, 135 . 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 semi - annually on May 31 and November 30 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 November 30 and May 31. Include only the first two years. Make sure all
columns and rows are properly labeled. (Round to the nearest dollar.)