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 January 1, for $746,000. 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, enter "0" Edmonton-Alston Corporation Amortization Table Period At issue 6/30/20 Cash Interest Premium on Premium on Balance Payment Expense Bonds Payable Bonds Payable Carrying (Credit) (Debit) (Debit) Value 12/31/201 6/30/21 12/31/21 6/30/22 12/31/22 6/30/23 12/31/23 6/30/24 12/31/24 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 June 30 Dec. 31 Record interest expense Record interest expense 100 000 88 Preparing a Bond Amortization Table (Straight Line) Sonoma Company, issued 5-year, 9.2% bonds with a total face value of $500,000 on January 1, for $452,000. 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, enter "0" Sonoma Company Amortization Table Period At issue 6/30/20 12/31/20 6/30/21 12/31/21 6/30/22 12/31/22 6/30/23 12/31/23 6/30/24 12/31/24 Cash Interest Discount on Discount on Balance Payment Expense Bonds Payable Bonds Payable Carrying (Credit) (Debit) (Credit) Value 2. Prepare the entries to recognize the bond issuance and 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. June 30 Dec. 31 (Record interest expense) (Record interest expense) 88 100 88