Question: Ellis Company issues 70%, five year bonds dated January 1, 2019, with a $450,000 par value. The bonds pay interest on June 30 and December

 Ellis Company issues 70%, five year bonds dated January 1, 2019,
with a $450,000 par value. The bonds pay interest on June 30
and December 31 and are issued at a price of $469,193. The

Ellis Company issues 70%, five year bonds dated January 1, 2019, with a $450,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $469,193. The annual market rate is 6% on the issue date. Required: 1. Complete the below table to 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. Complete this question by entering your answers in the tabs below. Required 1 Finquired 2 Required Complete the below table to calculate the total bond interest exponse over the bondse Total bond interest expense over life of bonds Amount paid payments of Par vale at maturity Totalrepaid Loss amount borrowed Total bond interest expen Required 2 > 2. Prepare a straight-line amortization table for the bonds' lite. 3. Prepare the journal entries to record the first two interest payments. 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. Semiannual Period- Unamortized End 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 Required 1 Required 2 Required 3 Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet

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