Question: Ellis issues 9.5%, five-year bonds dated January 1, 2018 with a $470.000 par value. The bonds pay interest on June 30 and December 31 and

Ellis issues 9.5%, five-year bonds dated January 1, 2018 with a $470.000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $498,591. The annual market rate is 8% on the issue date Required: 1. Complete the below table to calculate the total bond interest expense over the bondstufe 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 Required 2 Required Complete the below table to calculate the total bond interest expense over the bonds ute. Total bond interest expense over life of bonds: Amount repaid payments of Par value at matut Totepad Lesson borrowed Total Dona interese pense Required 2 Els issues 9.5%, five year bonds dated January 1, 2018, with a $470.000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $498,591 The annual market rate is 8% 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 Required a Complete the below table to calculate the total bond interest expense over the bonds Total bond interest Dense over tot bonds payment Da vam TO LE Required 2 >
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