Question: Attempt 1 Below is a partial effective interest amortization table for Carter Company's bonds payable. What is the BOOK VALUE of Carter Company's bonds

Attempt 1 Below is a partial effective interest amortization table for Carter Company's bonds payable. What is the BOOK VALUE of Carter Company's bonds

Attempt 1 Below is a partial effective interest amortization table for Carter Company's bonds payable. What is the BOOK VALUE of Carter Company's bonds on December 31, 2025? Interest Payment Date Cash Decrease Payment Dec 31, 2022 Amount $1,000,000 Interest Expense Premium in Book Premium Value $841,937 $158,063 $890,364 $20,890,364 Dec 31, 2023 $1,000,000 $835,615 Dec 31, 2024 $1,000,000 Dec 31, 2025 $1,000,000 $829,039 $822,201 $164,385 $725,979 $20,725,979 $170,961 $555,018 $20,555,018 ???? Dec 31, 2026 Dec 31, 2027 Hint: First compute the 'Decrease in Premium' and 'Premium' balances as of December 31, 2025. Once you've done that, it's easy to compute the new Book

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