Debt Issued at a Premium (Straight Line)

On January 1, 2024, Katia Crafts issued 80,000, 6-year bonds with $1,000 face value. External markets value the bonds at $840,000 more than face value. The stated rate of interest on Katias bonds is 7%, and interest is paid annually on December 31.

Required:

Prepare the amortization table for Katia Craft's bonds. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0".

Katia Crafts Amortization Table

Period	Cash Payment (Credit)	Interest Expense (Debit)	Premium on Bonds Payable (Debit)	Premium on Bonds Payable Balance	Carrying Value
At issue	$fill in the blank 1	$fill in the blank 2	$fill in the blank 3	$fill in the blank 4	$fill in the blank 5
12/31/24	fill in the blank 6	fill in the blank 7	fill in the blank 8	fill in the blank 9	fill in the blank 10
12/31/25	fill in the blank 11	fill in the blank 12	fill in the blank 13	fill in the blank 14	fill in the blank 15
12/31/26	fill in the blank 16	fill in the blank 17	fill in the blank 18	fill in the blank 19	fill in the blank 20
12/31/27	fill in the blank 21	fill in the blank 22	fill in the blank 23	fill in the blank 24	fill in the blank 25
12/31/28	fill in the blank 26	fill in the blank 27	fill in the blank 28	fill in the blank 29	fill in the blank 30
12/31/29	fill in the blank 31	fill in the blank 32	fill in the blank 33	fill in the blank 34	fill in the blank 35