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nepse2u exymap ework Saved Ellis Company issues 9.0%, five-year bonds dated January 1, 2021, with a $550,000 par value. The bonds pay interest on June
nepse2u exymap ework Saved Ellis Company issues 9.0%, five-year bonds dated January 1, 2021, with a $550,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $572,305. The annual market rate is 8% 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. 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 Total repaid Less amount borrowed Total bond interest expense 0 S 0 Required 2 > 2. Prepare a straight-line amortization table for the bonds 3. Prepare the journal entries to record the first two interes Complete this question by entering your answers in tl Required 1 Required 2 Required 3 Prepare a straight-line amortization table for the bonds' life. dollar.) Semiannual Interest Period-End Unamortized Premium Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 06/30/2024 12/31/2024 06/30/2025 12/31/2025
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