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Homework Chapter 9 eBook 1. BE.09.24 Debt Issued at a Premium (Straight Line) 2. BE.09.27 On January 1, 2024, Katia Crafts issued 80,000, 6-year bonds
Homework Chapter 9 eBook 1. BE.09.24 Debt Issued at a Premium (Straight Line) 2. BE.09.27 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 Katia's bonds is 7%, and interest is paid annually on December 31. 3. BE.09.28 Required: 4. BE.09.29 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 5. BE.09.30 Cash Interest Premium on Premium on Payment Expense Bonds Payable Bonds Payable (Credit) (Debit) (Debit) Balance Carrying Value Period At issue 12/31/24 12/31/25 12/31/26 12/31/27 12/31/28 12/31/29
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