Question: SHOW ALL WORK please Ellis issues 6.5%, five-year bonds dated January 1. 2015. with a dollar 250,000 par value. The bonds pay interest on June

SHOW ALL WORK please SHOW ALL WORK please Ellis issues 6.5%, five-year bonds dated January 1.

Ellis issues 6.5%, five-year bonds dated January 1. 2015. with a dollar 250,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of dollar 255, 333. The annual market rate is 6% on the issue date. Required Calculate the total bond interest expense over the bonds' life. Prepare a straight-line amortization table like Exhibit I4.l1 for the bonds' life. Prepare the journal entries to record the first two interest payments

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