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Els Company issues 75% five-year bonds dated January 1, 2020, with a $520,000 par value. The bonds pay interest on June 30 and December 31
Els Company issues 75% five-year bonds dated January 1, 2020, with a $520,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $553 268. The annual market rate is 6% on the issue date Required: 1. Calculate the total bond interest expense over the bonds wife 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 Calculate the total bond interest expense over the bonds life. Total bond interest expense over life of bonds: Amount repaid payments of Par value at maturity Totalrepaid Less amount bonowed Total bond interest expense Required 2 > Ellis Company issues 75%, five year bonds dated January 1, 2020, with a $520,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $553 268. The annual market rate is 6% on the issue date Required: 1. 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 27 Complete this question by entering your answers in the tabs below. Required Meguired 2 Required Calculate the total bond interest expense over the bonds wife Total Bond interestepense over lite of bonds: Amontre payments of Party You paid Lemon Dowd Required 2)
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