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Cornerstone Exercise 9-33 (Algorithmic) Bonds Issued at a Premium (Effective Interest) Cookie Dough Corporation issued $1,000,000 in 7%, 10-year bonds (payable on December 31,
Cornerstone Exercise 9-33 (Algorithmic) Bonds Issued at a Premium (Effective Interest) Cookie Dough Corporation issued $1,000,000 in 7%, 10-year bonds (payable on December 31, 2032) on December 31, 2022, for $1,050,000. Interest is paid on June 30 and December 31. The market rate of interest is 6%. Required: Prepare the amortization table through December 31, 2025, using the effective interest rate method. If required, round your answers to the nearest dollar. Period At issue 06/30/2023 12/31/2023 06/30/2024 12/31/2024 06/30/2025 12/31/2025 Cookie Dough Corporation Amortization Table Cash Payment (Credit) Interest Expense (Debit) Premium on Bonds Payable (Debit) Premium on Bonds Payable Balance (Credit) Bond Payable Carrying Value (Credit) NA NA
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