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-/11 li Question 23 of 25 Current Attempt in Progress Cullumber Company issued $744,000 of...

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-/11 li Question 23 of 25 Current Attempt in Progress Cullumber Company issued $744,000 of 7%. 7 year bonds on January 1, 2021. The bonds pay interest annually Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 Assuming the market interest rate on January 1, 2021. was calculate the bond sisse price. For calculation purpose, 1945 decimal places as displayed in the factor table provided. Round answer to decimal places es 1.5753 Bond issue price Bonc Prepare an effective interest amortization table for this bond (Round answer to decimal places es 5.276) CULLUMBER COMPANY Bond Premium Amortization Table Effective-Interest Method-Annual Interest Payments 7% Bonds Issued at market rate of 6% Date Interest Payment Interest Expense Premium Amortization Jan 1 2021 Jan 1 2022 Jan 5 2023 lan 1 2024 Jan 1 2025 DATUM 1. 2026 Jan 1 2027 Jan 1 2028

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