Ellis issues 7.0%, five-year bonds dated January 1, 2015, 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.

Complete the below table to calculate the total bond interest expense over the bonds' life.

Total bond interest expense over life of bonds:
amount repaid:
?	payments of	?
Par value at matuirty	?
Total repaid	0
Less amount borrowed	?
Total bond interest expense	$ 0

Semiannual periodend	unamortized premium	carrying value
01/01/2015	?	?
06/30/2015	?	?
12/31/2015	?	?
06/30/2016	?
12/31/2016	?
06/30/2017	?
12/31/2017	?
06/30/2018	?
12/31/2018	?
06/30/2019
12/31/2019

Record the first interest payment on June 30, 2015

Date	General Journal	Debit	Credit
June 30, 2015	?	?	?
	?	?	?
	?	?	?
	?	?	?
	?	?	?
	?	?	?

Record the second interest payment on December 31, 2015

Date	General Journal	Debit	Credit
Dec. 31, 2015	?	?	?
	?	?	?
	?	?	?
	?	?	?
	?	?	?
	?	?	?