Preparing a Bond Amortization Table (Straight Line) Edmonton-Alston Corporation issued 5-year, 9.5% bonds with a total face value of $700,000 on December 31, 2013, for $726,000. The bonds pay interest on June 30 and December 31 of each year. Required:

Hide 1. Prepare an amortization table. If an amount box does not require an entry, leave it blank or enter "0".

Edmonton-Alston Corporation Amortization Table Period Cash Payment (Credit) Interest Expense (Debit) Premium on Bonds Payable (Debit) Premium on Bonds Payable Balance Carrying Value At issue $ $ $ $ $ 6/30/14 12/31/14 6/30/15 12/31/15 6/30/16 12/31/16 6/30/17 12/31/17 6/30/18 12/31/18

Hide 2. Prepare the entries to recognize the interest payments made on June 30, 2014, and December 31, 2014. If an amount box does not require an entry, leave it blank.

2014 June 30 (Record interest expense) 2014 Dec. 31 (Record interest expense)