Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Prepare journal entries to record first two interest payment
Assignment Instructions
Assignment ID: FG132574108
Problem – Straight-Line: Amortization of bond premium
Ellis Company issues 7.5%, five-year bonds dated January 1, 2019, with a $590,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $627,746. The annual market rate is 6% on the issue date.
Required –
1. Complete the 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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