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Business, 23.11.2019 05:31 ddaly55

Ellis issues 8.0%, five-year bonds dated january 1, 2018, with a $530,000 par value. the bonds pay interest on june 30 and december 31 and are issued at a price of $575,210. the annual market rate is 6% on the issue date.
requlrec:
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.

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