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Exercise 9-82 (Algorithmic) Completing a Bond Amortization Table (Effective Interest Rate Method) MacBride Enterprises sold $200,000 of bonds on January 1, 2020. A portion of

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Exercise 9-82 (Algorithmic) Completing a Bond Amortization Table (Effective Interest Rate Method) MacBride Enterprises sold $200,000 of bonds on January 1, 2020. A portion of the amortization table appears below. Cash Payment (Credit) Interest Expense (Debit) Premium on Bonds Payable (Debit) Premium on Bonds Payable Balance Period At issue $7.170 $821 6.149 $6,000 6,000 6,000 6/30/20 12/31/20 6/30/21 12/31/21 $5,179 5.159 5,138 Carrying Value $207,170 206,349 205,508 204,646 541 5,508 4.646 Required: 1. Indicate the stated annual interest rate on these bonds 2. Calculate the effective annual interest rate on these bonds (rounded to the nearest 0.1%). 3. Determine the interest expense and premium amortization for the interest period ending December 31, 2021. If required, round your answers to the nearest whole dollar Cash Payment (Credit) Period Interest Expense (Debit) Premium on Bonds Payable (Debit) Premium on Bonds Payable Balance $7,170 At issue 55.179 6.30 $6,000 6,000 Carrying Value $207,170 206,349 205. Se 204,645 5.15 6/30/20 12/31/20 6/30/21 12/31/21 5,508 6,000 4.646

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