Question: Ellis issues 7.0%, five-year bonds dated January 1, 2013, with a $510,000 par value. The bonds pay interest on June 30 and December 31 and

Ellis issues 7.0%, five-year bonds dated January 1, 2013, with a $510,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $531,752. The annual market rate is 6% on the issue date. 2. Prepare a straight-line amortization table for the bonds' life

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