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I need Accounting help please Bonds Issued at a Premium (Effective Interest) Cookie Dough Corporation issued $850,000 in 9%, 10-year bonds (payable on December 31,
I need Accounting help please
Bonds Issued at a Premium (Effective Interest) Cookie Dough Corporation issued $850,000 in 9%, 10-year bonds (payable on December 31, 2024) on December 31, 2014, for $907,759. Interest is paid on June 30 and December 31. The market rate of interest is 8%. Prepare the journal entries for December 31, 2016 and 2017. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest whole dollar. Journal Account and Explanation Dec 31, 2016 Dec 31, 2017
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