Bonds Issued at a Premium (Effective Interest) Cookie Dough Corporation issued ($ 850,000) in (9 %, 10)-year

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Bonds Issued at a Premium (Effective Interest)

Cookie Dough Corporation issued $\$ 850,000$ in $9 \%, 10$-year bonds (payable on December 31 , 2028) on December 31, 2018, for $\$ 907,759$. Interest is paid on June 30 and December 31. The market rate of interest is $8 \%$.

Required:

Prepare the amortization table using the effective interest rate method. (Note: Round to the nearest dollar.)

Cornerstone Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 10, 2024 01:08 AM

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Bonds Issued at a Premium (Effective Interest) Cookie Dough Corporation issued ($ 850,000) in (9 %, 10)-year

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Cornerstones Of Financial Accounting

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