Preparing a Bond Amortization Table $($Straight Line$)$

Campton Company issued $5-$year, $7\mathrm{.}5\%$ bonds with a total face value of $$900,000$ January $1$ for $$1,015,000.$ The bonds pay interest on June $30$ and December $31$ of each year.

Required:

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

Campton Company

Amortization Table

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. If an amount box does not require an

entry, leave it blank.

$201$ June $30$

Record interest expense

Record interest expense