Refer to the information for Cookie Dough Corporation above Cookie Dough
Refer to the information for Cookie Dough Corporation above.
Cookie Dough Corporation issued $850,000 in 9 percent, 10-year bonds (payable on December 31, 2022) on December 31, 2012, for $907,759. Interest is paid on June 30 and December 31. The market rate of interest is 8 percent.

Required:
Prepare the journal entries for December 31, 2014 and 2015.
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