Calculator other item Cornerstone Exercise 9-36 Bonds Issued at a Premium (Effective Interest) New iCloud Terms and Conditions To use iCloud on this Mac you must accept the new Terms and Conditions. Vie Cookie Dough Corporation issued $850,000 in 9%, 10-year bonds (payable on December 31, 2030) on January 1, 2021, for $907,759. Interest is paid on June 30 and December 31. The market rate of interest is 8%. Required: Prepare the journal entries for December 31, 2022 and 2023. If required, round your answers to the nearest whole dollar. Dec 31, 2022 Interest Expense 70,724 Premium on Bonds Payable 5.776 Cash Dec. 31, 2023 Interest Expense Premium on Bonds Payable Cash Check My Work 2 more Check My Work uses remaining. Previous Next > Email Instructor Save and Exit Submit Assignment for Grading