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2 Ellis Company issues 6.6%, five year bonds dated January 1, 2021, with a $500,000 par value. The bond pay interest on June 30 and
2 Ellis Company issues 6.6%, five year bonds dated January 1, 2021, with a $500,000 par value. The bond pay interest on June 30 and December 31 and are issued at a price of $510,666. The annual market rate is 6.0% on the sue date. Required: 1. Compute the total bond interest expense over the bonds ute 2. Prepare an effective interest amortization table for the bonds' life. 2. Prepare the journal entries to record the first two interest payments Complete this question by entering your answers in the tabs below. Read 1 Roures Required Compute the total bond interest expense over the bonde Amountai Par value of my Tapid Lamour torrow Total bond expense $ 0 Required 2 > 2 December 31 and are issued at a price of 5510,666. The annual market rate is 6.0% on the date Elle company ban 6.5% e vear bonds dated January 1 2021 with a $500,000 par value: The bonde ony interest on June 30 and Required 1. Compute the total bond interest expense over the bonds ifte 2. Prepare an effective interest amortization table for the bonds 3. Prepare the journal entries to record the first two interest payments Complete this question by entering your answers in the tabs below. Red Begud 2 Reed Prepare an effective interest amortization table for the bound your needed to the whole dar) und Pre En Erp Amen Cam 01/01 06/30/2021 100 06/2002 102 2013 0630/2004 2004 06/300 1201/2005 To
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