Question: Cornerstone Exercise 9-33 Bonds Issued at a Premium (Effective Interest) Cookie Dough Corporation issued $850,000 in 9%, 10-year bonds (payable on December 31, 2028) on

 Cornerstone Exercise 9-33 Bonds Issued at a Premium (Effective Interest) Cookie
Dough Corporation issued $850,000 in 9%, 10-year bonds (payable on December 31,

Cornerstone Exercise 9-33 Bonds Issued at a Premium (Effective Interest) Cookie Dough Corporation issued $850,000 in 9%, 10-year bonds (payable on December 31, 2028) on December 31, 2018, for $907,759. Interest is paid on June 30 and December 31. The market rate of interest is 8%. Required: Prepare the amortization table using the effective interest rate method. For those boxes in which no entry is required, leave the box blank. If the amount is zero, enter"0". If required, round your answers to the nearest whole dollar Interest Expense (Debit) Premium on Bonds Payable (Debit) Period At issue Cash Payment (Credit) $ 0 Premium on Bonds Payable Balance (Credit) 57,759 Bond Payable Car 907,759 06/30/19 38,250 36,310 1.940 55,819 905,819 12/31/19 38,250 36,233 2,017 53,802 903,802 06/30/20 38,250 36,152 2,098 51,704 901,704 12/31/20 38,250 36,068 2,182 49,552 899,522 38,250 35,981 2.270 47.252 897,252 X 38,250 35,890 44,892 894,892 X 38,250 35,796 2,454 42,438 889.886 38,250 35,698 39,886 887.231 38,250 35,595 2.655 37,231 884.470 38,250 35,489 2,761 34,470 R81.599 06/30/21 12/31/21 06/30/22 12/31/22 06/30/23 12/31/23 06/30/24 12/31/24 06/30/25 12/31/25 06/30/26 12/31/26 38,250 35,379 31,599 X 38,250 35,264 2,986 28,613 38,250 35,145 25568 38,250 35,020 3.2.10 22,278 38,250 34,891 3.359 18,919 38,250 34,575 3,4937 15,426 06/30/27 38,250 34,617 3,633 11,793 X 12/31/27 38,250 34,472 3,778 8,015 X 38,250 34,321 3,929 4,086 X 06/30/28 12/31/28 38,250 34,163 4,086 X

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