Dalton Company issued 5- year, 7.5% bond s with a total face value of $900.00 on December 31, 2013 for $950,000. The bonds pay interest on June 30 and December 31 of each year . Required: 1. Prepare an amortization table 2. Prepare the entries to recognize the interest payments made on June 30 and December 31 of each year.

P 9-100B

1.

Amortization Table

Premium

Premium

Cash

Interest

on Bonds

on Bonds

Paymenta

Expenseb

Payablec

Payable

Carrying

Period

(Credit)

(Debit)

(Debit)

Balance

Valued

At issue

06/30/14

12/31/14

06/30/15

12/31/15

06/30/16

12/31/16

06/30/17

12/31/17

06/30/18

12/31/18

2.

Journal

Date

Account and Explanation

Debit

Credit

2014

June

30

(Record interest expense)

Dec.

31

(Record interest expense)