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Problem 14-3A Straight-Line: Amortization of bond premium LO P3 Ellis Company issues 6.5%, five-year bonds dated January 1, 2019, with a $570.000 par value. The

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Problem 14-3A Straight-Line: Amortization of bond premium LO P3 Ellis Company issues 6.5%, five-year bonds dated January 1, 2019, with a $570.000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $582155. The annual market rate is 6% on the issue date. Required: 1. Complete the below table to calculate the total bond interest oxpense over the bonds ife. 2. Prepare a straight line amortization table for the bonds life 3. Prepare 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 Complete the below table to calculate the total bond interest expense over the bonds ute. Total bond interest expense over te of bonch Amount repaid payments of Par value at maturity Totalrepaid Loss amount borrowed Total bond interest expense Required 2 >

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