Preparing a Bond Amortization Table (Straight line) Campton Company issued 5-year, 7.5% bonds with a total face value of $900,000 January 1 for $1,009,000. The bonds pay interest on June 30 and December 31 of each year. Required: 1. Prepare an amortization table. If an amount box does not require an entry, leave it blank and if the answer is zero, entero". Campton Company Amortization Table Cash Interest Premium on Premium on Payment Expense Bonds Payable Bonds Payable Carrying (Credit) (Debit) (Debit) Balance Value Period At issue 6/30/X: 12/31/X1 5/30/X2 12/31/X2 6/30/3 12/31/X3 6/30/X4 12/31/X4 BooA 6/30/X2 12/31/X2 6/30/3 12/31/X3 6/30/X4 12/31/X4 6/30/01 12/01/89 2. Prepare the entries to recognize the interest payments made on June 30 and December 31 of Year 1. If an amount box does not require an entry, leave it blank. If an amount box does not require an entry, leave it blank. 20X1 June 30 35 Record interest expense 20x1 Dec. 31 Record interest expense Preparing a Bond Amortization Table (Straight line) Campton Company issued 5-year, 7.5% bonds with a total face value of $900,000 January 1 for $1,009,000. The bonds pay interest on June 30 and December 31 of each year. Required: 1. Prepare an amortization table. If an amount box does not require an entry, leave it blank and if the answer is zero, entero". Campton Company Amortization Table Cash Interest Premium on Premium on Payment Expense Bonds Payable Bonds Payable Carrying (Credit) (Debit) (Debit) Balance Value Period At issue 6/30/X: 12/31/X1 5/30/X2 12/31/X2 6/30/3 12/31/X3 6/30/X4 12/31/X4 BooA 6/30/X2 12/31/X2 6/30/3 12/31/X3 6/30/X4 12/31/X4 6/30/01 12/01/89 2. Prepare the entries to recognize the interest payments made on June 30 and December 31 of Year 1. If an amount box does not require an entry, leave it blank. If an amount box does not require an entry, leave it blank. 20X1 June 30 35 Record interest expense 20x1 Dec. 31 Record interest expense