Question: Check my work Ellis Compwy issues 65%, live-year bonds dated January 1, 2019, with a $250,000 par value. The bonds pay interest on June 30

 Check my work Ellis Compwy issues 65%, live-year bonds dated January
1, 2019, with a $250,000 par value. The bonds pay interest on

Check my work Ellis Compwy issues 65%, live-year bonds dated January 1, 2019, with a $250,000 par value. The bonds pay interest on June 30 and December 31 and are usued at a price of $255,333. The annual market rate is 6% on the issue date. Required: 1. Compute the total bond Werest expense over the bonds life 2. Prepare an effective interest amortization table for the bonds' life. 3. Prepare the yournal entries to record the first two interest payments. Required 1 Required 2 Required 3 Prepare an effective interest amortization table for the bonds' life. Premium Amortization Semiannual Period- Cash Interest Bond Interest End Paid Expense Unamortized Premium Carrying Value 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 Total

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