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Date Account Titles and Explanation Jan. 1 Cash Premium on Bonds Payable Bonds Payable Debit 772,500 Credit 22,500 750,000 (b) Suppose the remaining Premium on

Date Account Titles and Explanation Jan. 1 Cash Premium on Bonds Payable Bonds Payable Debit 772,500 Credit 22,500 750,000 (b) Suppose the remaining Premium on Bonds Payable was $13,500 on December 31, 2028. Show the balance sheet presentation on this date. CULLUMBER COMPANY Balance Sheet (Partial)

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