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Elis Company issues 9.5%, five year bonds dated January 1, 2019 with a $560,000 per value. The bonds pay interest on June 30 and December

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Elis Company issues 9.5%, five year bonds dated January 1, 2019 with a $560,000 per value. The bonds pay interest on June 30 and December 31 and are issued at a price of $594.066. The annual market rate is 8% on the issue date. Required: 1. Complete the below table to calculate the total bond interest expense over the bonds' life. 2. Prepare a straight line amortization table for the bonds life! 3. Prepare the journal entries to record the first two interest payments Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Complete the below table to calculate the total bond interest expense over the borde Total bond interest expense over life of bonds Amount repaid 10 payments of Par value at maturity Tot epaid Less amount borrowed Total bond interest expense 580 000 500.000 504.000 (34,000) $ Required 2 > Ellis Company issues 9.5%, five-year bonds dated January 1, 2019, with a $560,000 par value. The bonds pay December 31 and are issued at a price of $594,066. The annual market rate is 8% on the issue date. Required: 1. Complete the below table to calculate the total bond interest expense over the bonds' life. 2. Prepare a straight-line amortization table for the bonds life. 3. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required B N. Prepare a straight-line amortization table for the bonds' life. Semiannual Period- End Unamortized Premium Carrying Value 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 1. Complete the below table to calculate the total bond interest expense over the bonds' life. 2. Prepare a straight-line amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the journal entries to record the first two interest payments. View transaction list X 1 Record the first interest payment on June 30. 2 Record the second interest payment on December 31. Credit

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