B A Given Data P14-04A: C D E $ 250,000 6.5% 5 255,333 6% $ 5 ELLIS 1 5 Bonds issued, par value 5 Annual interest 7 Maturity in years B Issuance price 9 Annual market rate on issue date 10 11 Check figures: 12 (2) 6/30/2015 carrying value 13 14 15 16 17 18 19 20 21 22 23 $ 252,668 24 25 26 27 28 Layout Formulas Data fax B Part 1 D E Ten payments of $8,125 Par value at maturity Total repaid O Less amount borrowed 1 Total bond interest expense 2 3 or: 14 15 Ten payments of $8,125 16 Less premium 17 Total bond interest expense 18 19 20 Part 2 21 ELLIS 22 Straight-line Amortization Table 23 24 Unamortized Carrying 25 Semiannual Interest Period-End Premium Value 26 27 1/1/2013 28 6/30/2013 29 12/31/2013 30 6/30/2014 31 12/31/2014 32 6/30/2015 33 12/31/2015 34 6/30/2016 14-02A Given P14-02A P14-04A Given P14-0A P14-07A Given PL- Type here to search D D E F -7 28 29 30 31 B 1/1/2013 6/30/2013 12/31/2013 6/30/2014 12/31/2014 6/30/2015 12/31/2015 6/30/2016 12/31/2016 6/30/2017 12/31/2017 32 33 34 35 36 37 38 39 Credit 40 ELLIS 41 General Journal 42 Part 3 43 44 Date Account Titles Debit 45 2013 46 June 30 Bond Interest Expense 47 Premium on Bonds Payable 48 Cash 49 To record six months' interest and premium amortization. 50 51 2013 52 Dec. 31 Bond Interest Expense 53 Premium on Bonds Payable 54 Cash 55 To record six months' interest and premium amortization, 56 D14 DA