Question: Can you put it in the same format. Ellis Issues 6.5%, five-year bonds dated January 1, 2017, with a $250,000 par value. The bonds pay
Ellis Issues 6.5%, five-year bonds dated January 1, 2017, 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. (Table B1. Table B.2. Table B.3, and Table B.4 (Use appropriate factoris) from the tables provided.) Required: 1. Compute the total bond Interest expense over the bonds' life. 2. Prepare an effective Interest amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments, 4. Use the market rate at issuance to compute the present value of the remaining cash flows for these bonds as of December 31, 2019 Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Required 4 Prepare an effective interest amortization table for the bonds' life. Semiannual Period- Cash Interest Bond Interest End Paid Expense Premium Amortization Unamortized Premium Carrying Value + 01/01/2017 08/30/2017 12/31/2017 08/30/2018 12/31/2018 08/30/2019 12/31/2019 08/30/2020 12/31/2020 08/30/2021 12/31/2021 Total
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