eBook Question Content Area Preparing a Bond Amortization Table (Straight Line) Edmonton Alston Corporation issued 5 year, 9 5 bonds with a total face value of $700,000 on January 1, for $743,000 The bonds pay interest on June 30 and December 31 of each year Required Question Content Area 1 Prepare an amortization table If an amount box does not require an entry, leave it blank and if the answer is zero, enter 0 Edmonton Alston Corporation Amortization Table Period Cash Payment (Credit) Interest Expense (Debit) Premium on Bonds Payable (Debit) Premium on Bonds Payable Balance Carrying Value At issue $fill in the blank 4da8f105f06403f 1 $fill in the blank 4da8f105f06403f 2 $fill in the blank 4da8f105f06403f 3 $fill in the blank 4da8f105f06403f 4 $fill in the blank 4da8f105f06403f 5 6 30 20 fill in the blank 4da8f105f06403f 6 fill in the blank 4da8f105f06403f 7 fill in the blank 4da8f105f06403f 8 fill in the blank 4da8f105f06403f 9 fill in the blank 4da8f105f06403f 10 12 31 20 fill in the blank 4da8f105f06403f 11 fill in the blank 4da8f105f06403f 12 fill in the blank 4da8f105f06403f 13 fill in the blank 4da8f105f06403f 14 fill in the blank 4da8f105f06403f 15 6 30 21 fill in the blank 4da8f105f06403f 16 fill in the blank 4da8f105f06403f 17 fill in the blank 4da8f105f06403f 18 fill in the blank 4da8f105f06403f 19 fill in the blank 4da8f105f06403f 20 12 31 21 fill in the blank 4da8f105f06403f 21 fill in the blank 4da8f105f06403f 22 fill in the blank 4da8f105f06403f 23 fill in the blank 4da8f105f06403f 24 fill in the blank 4da8f105f06403f 25 6 30 22 fill in the blank 4da8f105f06403f 26 fill in the blank 4da8f105f06403f 27 fill in the blank 4da8f105f06403f 28 fill in the blank 4da8f105f06403f 29 fill in the blank 4da8f105f06403f 30 12 31 22 fill in the blank 4da8f105f06403f 31 fill in the blank 4da8f105f06403f 32 fill in the blank 4da8f105f06403f 33 fill in the blank 4da8f105f06403f 34 fill in the blank 4da8f105f06403f 35 6 30 23 fill in the blank 4da8f105f06403f 36 fill in the blank 4da8f105f06403f 37 fill in the blank 4da8f105f06403f 38 fill in the blank 4da8f105f06403f 39 fill in the blank 4da8f105f06403f 40 12 31 23 fill in the blank 4da8f105f06403f 41 fill in the blank 4da8f105f06403f 42 fill in the blank 4da8f105f06403f 43 fill in the blank 4da8f105f06403f 44 fill in the blank 4da8f105f06403f 45 6 30 24 fill in the blank 4da8f105f06403f 46 fill in the blank 4da8f105f06403f 47 fill in the blank 4da8f105f06403f 48 fill in the blank 4da8f105f06403f 49 fill in the blank 4da8f105f06403f 50 12 31 24 fill in the blank 4da8f105f06403f 51 fill in the blank 4da8f105f06403f 52 fill in the blank 4da8f105f06403f 53 fill in the blank 4da8f105f06403f 54 fill in the blank 4da8f105f06403f 55 Question Content Area 2 Prepare the entries to recognize the interest payments made on June 30 and December 31 of Year 1 If an amount box does not require an entry, leave it blank June 30 Bonds PayableCashDiscount on Bonds PayableInterest ExpenseInterest Payable Select Select Bonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable Select Select Bonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable Select Select Record interest expense Dec 31 Bonds PayableCashDiscount on Bonds PayableInterest ExpenseInterest Payable Select Select Bonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable Select Select Bonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable Select Select Record interest expense Check My Work

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Question: eBook Question Content Area Preparing a Bond Amortization Table (Straight Line) Edmonton-Alston Corporation issued 5-year, 9.5% bonds with a total face value of $700,000 on

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Preparing a Bond Amortization Table (Straight Line)

Edmonton-Alston Corporation issued 5-year, 9.5% bonds with a total face value of $700,000 on January 1, for $743,000. The bonds pay interest on June 30 and December 31 of each year.

Required:

Question Content Area

1. Prepare an amortization table. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0".

Edmonton-Alston Corporation Amortization Table
Period	Cash Payment (Credit)	Interest Expense (Debit)	Premium on Bonds Payable (Debit)	Premium on Bonds Payable Balance	Carrying Value
At issue	$fill in the blank 4da8f105f06403f_1	$fill in the blank 4da8f105f06403f_2	$fill in the blank 4da8f105f06403f_3	$fill in the blank 4da8f105f06403f_4	$fill in the blank 4da8f105f06403f_5
6/30/20	fill in the blank 4da8f105f06403f_6	fill in the blank 4da8f105f06403f_7	fill in the blank 4da8f105f06403f_8	fill in the blank 4da8f105f06403f_9	fill in the blank 4da8f105f06403f_10
12/31/20	fill in the blank 4da8f105f06403f_11	fill in the blank 4da8f105f06403f_12	fill in the blank 4da8f105f06403f_13	fill in the blank 4da8f105f06403f_14	fill in the blank 4da8f105f06403f_15
6/30/21	fill in the blank 4da8f105f06403f_16	fill in the blank 4da8f105f06403f_17	fill in the blank 4da8f105f06403f_18	fill in the blank 4da8f105f06403f_19	fill in the blank 4da8f105f06403f_20
12/31/21	fill in the blank 4da8f105f06403f_21	fill in the blank 4da8f105f06403f_22	fill in the blank 4da8f105f06403f_23	fill in the blank 4da8f105f06403f_24	fill in the blank 4da8f105f06403f_25
6/30/22	fill in the blank 4da8f105f06403f_26	fill in the blank 4da8f105f06403f_27	fill in the blank 4da8f105f06403f_28	fill in the blank 4da8f105f06403f_29	fill in the blank 4da8f105f06403f_30
12/31/22	fill in the blank 4da8f105f06403f_31	fill in the blank 4da8f105f06403f_32	fill in the blank 4da8f105f06403f_33	fill in the blank 4da8f105f06403f_34	fill in the blank 4da8f105f06403f_35
6/30/23	fill in the blank 4da8f105f06403f_36	fill in the blank 4da8f105f06403f_37	fill in the blank 4da8f105f06403f_38	fill in the blank 4da8f105f06403f_39	fill in the blank 4da8f105f06403f_40
12/31/23	fill in the blank 4da8f105f06403f_41	fill in the blank 4da8f105f06403f_42	fill in the blank 4da8f105f06403f_43	fill in the blank 4da8f105f06403f_44	fill in the blank 4da8f105f06403f_45
6/30/24	fill in the blank 4da8f105f06403f_46	fill in the blank 4da8f105f06403f_47	fill in the blank 4da8f105f06403f_48	fill in the blank 4da8f105f06403f_49	fill in the blank 4da8f105f06403f_50
12/31/24	fill in the blank 4da8f105f06403f_51	fill in the blank 4da8f105f06403f_52	fill in the blank 4da8f105f06403f_53	fill in the blank 4da8f105f06403f_54	fill in the blank 4da8f105f06403f_55

Question Content Area

2. Prepare the entries to recognize the interest payments made on June 30 and December 31 of Year 1. If an amount box does not require an entry, leave it blank.

June 30	Bonds PayableCashDiscount on Bonds PayableInterest ExpenseInterest Payable	- Select -	- Select -
	Bonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable	- Select -	- Select -
	Bonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable	- Select -	- Select -
	Record interest expense
Dec. 31	Bonds PayableCashDiscount on Bonds PayableInterest ExpenseInterest Payable	- Select -	- Select -
	Bonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable	- Select -	- Select -
	Bonds PayableCashDiscount on Bonds PayableInterest PayablePremium on Bonds Payable	- Select -	- Select -
	Record interest expense

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