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On April 1, 2019. Ellison Co. issued 4-year, 7%, $100,000 face value bonds. The bonds were issued at 107.0919, the interest payable annually on April
On April 1, 2019. Ellison Co. issued 4-year, 7%, $100,000 face value bonds. The bonds were issued at 107.0919, the interest payable annually on April 1. The bonds were sold to yield 5%. a) Complete the following table: Date Cash Paid Interest Expense Premium Amortization Carrying amount of bonds April 1 2019 April 1 2020 April 1 2021 April 1 2022 April 1 2023 b) Journalize the required entries on the following dates April 1, 2019 December 31, 2019 - adjusting entry April 1, 2020
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