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Preparing a Bond Amortization Table (Straight Line) Edmonton-Alston Corporation issued 5-year, 9.5% bonds with a total face value of $700,000 on January 1, for $737,000. The bonds pay interest on June 30 and December 31 of each year. Required: 1. Prepare an amortization table. If an amount box does not require an entry, leave Edmonton-Alston Corporation Amortization Table Period At issue 6/30/20 12/31/20 6/30/21 12/31/21 6/30/22 12/31/22 6/30/23 12/31/23 6/30/24 12/31/24 Cash Interest Premium on Payment Expense Bonds Payable (Credit) (Debit) (Debit) $ Premium on Bonds Payable Carrying Balance Value ☐☐☐☐☐☐☐☐☐ blank and if the answer is zero, enter "0". 2. 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.

2. 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. June 30 Dec. 31 Record interest expense Record interest expense ED ED 88