13 Ellis issues 8.5%, five-year bonds dated January 1, 2018, with a S49,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $542,247. The annual market rate is 6% on the issue date. 10 points Required: 1. Complete the below table to calculatethe total bond interest expense over the bonds' liIfe 2. Prepare a stra ght-line amortization table for the bonds llfe 3. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below Print Required Required Required ReferenCe Complete the below table to calculate the total bond interest expense over the bonds life Total bond interest expense over life of bonds of Par value at maturity Total repaid Less amount borrowed Total bond interest expense S Required 1 Required 2 > 13 Ellis issues 8.5%, five-year bonds dated January 1, 2018, with a $490,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $542,247. The annual market rate is 6% on the issue date. 10 points Required: 1. Complete the below table to calculatethe total bond interest expense over the bonds' liIfe 2. Prepare a stra ght-line amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments. eBook Complete this quesion by entering your answers in the tabs below Print Required Required Required ReferenCe Prepare a straight-line amortization table for the bonds' life Unamortized Carrying Value Interest 01/01/2018 06/30/2018 12/31/2018 06/30/2019 12/31/2019 1231/2020 06/30/2021 12/31/2021 1231/2022 Required 1 Required 3> 13 Ellis issues 8.5%, five-year bonds dated January 1, 2018, with a $490,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $542,247. The annual market rate is 6% on the issue date. 10 points Required: 1. Complete the below table to calculatethe total bond interest expense over the bonds' liIfe 2. Prepare a stra ght-line amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments. eBook Complete this quesion by entering your answers in the tabs below Print Required Required Required ReferenCe Prepare the journal entries to record the first two interest payments. list Journal entry worksheet Record the first interest payment on June 30, 2018 Note: Enter debits before credits. Jun 30, 2018 Record entry View general journal Clear entry Required 2 Required 3 On January 1, Rogers (essee) signs a three-year lease for machinery that is accounted for as a operating lease. The ease requlres three $26,391 lease payments (the first at the beginning of the lease and the rest at December 31 of Year 1 and Year 2. The present value of the three annual lease payments is $75,200, using a 5.380% interest rate. The lease payment schedule follows. (Table B.1, Table B.2, Table B.3, and Tabe B.4 (Use appropriate factors) from the tables 10 points eBook Debit Credit Balance of Print Balance of Liability Cash 6.003%x Liability + D)-(B)Payment A)(c) Lease Liability Liability Reference . 1, $75, 200 $26,391 $26,391 48,809 Year 1 Dec. 31, Year 1 48, 809 23,765 26,391 2, 626 25,044 Dec. 31, 25, 044 1, 347 25,044 26,391 Year 2 $79,173 $3,973 $75,200 1. Prepare the January 1 journal entry at the start of the lease to record any asset or liability. 2. Prepare the January 1journal entry to record the first $26,391 cash lease payment. 3. Prepare the December 31 journal entry to record amortization at the end of (a) Year 1, (b Year 2, and ( Year 3 4. Prepare the December 31 Journal entry to record the $26,391 cash lease payment at the end of (a) Year 1 and (D) Year 2. Complete this quesion by entering your answers in the tabs below RequiredRequired Required Required Prepare the January 1 journal entry at the start of the lease to record any asset or liability. View transaction list Journal entry worksheet Record right-of-use asset and lease liability. Note: Enter debits before credits. Jan 01 Record entry View general journal Clear entry Required1 Required 2 > On January 1, Rogers (essee) signs a three-year lease for machinery that is accounted for as a operating lease. The ease requlres three $26,391 lease payments (the first at the beginning of the lease and the rest at December 31 of Year 1 and Year 2. The present value of the three annual lease payments is $75,200, using a 5.380% interest rate. The lease payment schedule follows. (Table B.1, Table B.2, Table B.3, and Table B.4 (Use appropriate factors) from the tables 10 points provided eBook Debit Beginning on Lease Balance of Liability 6.003%x Debit Credit Balance of Print Cash Liability + D)-(B)Payment A)(c) Lease Liability Datc Reference . 1, Liability $75, 200 $26,391 $26,391 48,809 Year 1 Dec. 31, Year 1 48,809 2, 626 23,765 26,391 25,044 Dec. 31, 1, 347 25,044 26,391 25, 044 Year 2 $3,973 $75,200 $79,173 1. Prepare the January 1 journal entry at the start of the lease to record any asset or liability. 2. Prepare the January 1journal entry to record the first $26,391 cash lease payment. 3. Prepare the December 31 journal entry to record amortization at the end of (a) Year 1, (b Year 2, and ( Year 3 4. Prepare the December 31 journal entry to record the $26,391 cash lease payment at the end of (a) Year 1 and (b) Year 2. Complete this quesion by entering your answers in the tabs below RequiredRequired Required Required Prepare the January 1 journal entry to record the first $26,391 cash lease payment. View transaction list Journal entry worksheet Record beginning-year cash lease payment. Note: Enter debits before credits Jan 01 Record entry View general journal Clear entry Required 1 Required 3 > On January 1, Rogers (essee) signs a three-year lease for machinery that is accounted for as a operating lease. The ease requlres three $26,391 lease payments (the first at the beginning of the lease and the rest at December 31 of Year 1 and Year 2. The present value of the three annual lease payments is $75,200, using a 5.380% interest rate. The lease payment schedule follows. (Table B.1, Table B.2, Table B.3, and Table B.4 (Use appropriate factors) from the tables 10 points provided eBook Debit Ending Credit Balance of Debit Print Balance of Liability Cash 6.003%x Liability (A)D)(B)Payment (A)-(c) Lease Liability Liability Reference . 1, $75, 200 $26,391 $26,391 48,809 Year 1 Dcc. 31, 48, 809 2, 626 23,765 26,391 25,044 Year 1 Dec. 31, 25,044 26,391 25, 044 1,347 Year 2 $75,200 $79,173 $3,973 1. Prepare the January 1 journal entry at the start of the lease to record any asset or liability 2. Prepare the January 1journal entry to record the first $26,391 cash lease payment. 3. Prepare the December 31 journal entry to record amortization at the end of (a) Year 1, (b Year 2, and ( Year 3 4. Prepare the December 31 journal entry to record the $26,391 cash lease payment at the end of (a) Year 1 and (b) Year 2. Complete this quesion by entering your answers in the tabs below Required Required Required Required Prepare the December 31 journal entry to record amortization at the end of (a) Year 1, (b) Year 2, and (c) Year 3 View transaction list Journal entry worksheet Record amortization on right-of-use asset. Note: Enter debits before credits. ate Year 1 Dec 31 Record entry View general journal Clear entry On January 1, Rogers (essee) signs a three-year lease for machinery that is accounted for as a operating lease. The ease requlres three $26,391 lease payments (the first at the beginning of the lease and the rest at December 31 of Year 1 and Year 2. The present value of the three annual lease payments is $75,200, using a 5.380% interest rate. The lease payment schedule follows. (Table B.1, Table B.2, Table B.3, and Table B.4 (Use appropriate factors) from the tables 10 points provided eBook Debit Debit Beginning on Lease Balance of Liability 6.003%x Credit Balance of Print Cash Liability + D)-(B)Payment A)(c) Lease Liability Liability A) Reference . 1, $75,200 $26,391 $26,391 48,809 Year 1 Dec. 31 Year 1 48, 809 23,765 26,391 25,044 2, 626 Dec. 31, 25, 044 1, 347 25,044 26,391 Year 2 $3,973 $75,200 $79,173 1. Prepare the January 1 journal entry at the start of the lease to record any asset or liability. 2. Prepare the January 1journal entry to record the first $26,391 cash lease payment. 3. Prepare the December 31 journal entry to record amortization at the end of (a) Year 1, (b Year 2, and ( Year 3 4. Prepare the December 31 journal entry to record the $26,391 cash lease payment at the end of (a) Year 1 and (b) Year 2. Complete this quesion by entering your answers in the tabs below Required Required Required Required Prepare the December 31 journal entry to record the $26,391 cash lease payment at the end of (a) Year 1 and (b) Year 2. View transaction list Journal entry worksheet Record lease payment for interest and lease liability. Note: Enter debits before credits Year 1 Dec 31 Record entry View general journal Clear entry