Ellis Company issues 7.0%, five-year bonds dated January 1, 2019, with a $450,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $469,193. The annual market rate is 6% 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.

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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the below table to calculate the total bond interest expense over the bonds' life. Total bond interest expense over life of bonds: Amount repaid 10 payments of 22,125 Par value at maturity Total repaid Loss amount borrowed Total bond interest expense 221,250 590,000 X 811 250 627 750 183,500 S Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a straight-line amortization table for the bonds' life. Semiannual Period-End 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 Unamortized Premium $ 37.750 $ 34,458 X 31,067 X 27,574 X 23,976 20,270 16,453 12,522 % 0 % Carrying Value 627 750 X 624,458 X 621,067 617574 613,976 610,270 606,453 602,522 2. Prepare a straight-line amortization table for the bonds' life. 3. Prepare the Journal entries to record the first two interest payments. Answer is not complete. 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. No Date General Journal Credit June 30 Bond interest expense Premium on bonds payable Cash Debit 18,833 X 3,292 22.125