Question: can someone please help me with this problem Ellis Company issues 6.5%, five-year bonds dated January 1, 2021, with a $250,000 par value. The bonds

Ellis Company issues 6.5%, five-year bonds dated January 1, 2021, with a $250,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $255,333. The annual market rate is 6% on the issue date Required: 1. Calculate the total bond Interest expense over the bonds life. 2. Prepare a straight-line amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments, Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a straight-line amortization table for the bonds' life. (Round your intermediate and final answers to the nearest whole dollar) Semiannual Unamortized Carrying Interest Period-End Premium Value 01/01/2021 S 0 S 5,333 06/30/2021 533 4,800 12/31/2021 533 3,7333 06/30/2022 533 3,733 12/31/2022 533 3,733 06/30/2023 533 3,733 12/31/2023 533 3,733 1 of 7 Neyt > Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a straight-line amortization table for the bonds' life. (Round your intermediate and final answers to the nearest whole dollar.) Semiannual Interest Period-End 01/01/2021 06/30/2021 Unamortized Premium $ 0 $ 533 5333 533 533 12/31/2021 06/30/2022 Carrying Value 5,333 4,800 3,733 3,733 3,733 3,733 3,733 3,733 3,733 3,200 250,000 12/31/2022 06/30/2023 12/31/2023 06/30/2024 533 12/31/2024 533 X 533 533 (246,800) 0 06/30/2025 12/31/2025
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