1).

Legacy issues $710,000 of 8.0%, four-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. They are issued at $621,812 when the market rate is 12%

Record the interest payment and amortization on June 30 and December 31

2).

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Use the following information for the Problems below. (Algo)

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Hillside issues $2,500,000 of 6%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31.

Problem 10-2A (Algo) Straight-Line: Amortization of bond premium LO P3

The bonds are issued at a price of $3,059,990.

Required:

1. Prepare the January 1 journal entry to record the bonds issuance.

2(a) For each semiannual period, complete the table below to calculate the cash payment.

2(b) For each semiannual period, complete the table below to calculate the straight-line premium amortization.

2(c) For each semiannual period, complete the table below to calculate the bond interest expense.

3. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life.

4. Prepare the first two years of a straight-line amortization table.

5. Prepare the journal entries to record the first two interest payments.

I can't figure out part 4. All the rest is correct.