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17 Hillside issues $2,500,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31 The bonds are
17 Hillside issues $2,500,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $3,059,990 51 points Required: 1. Prepare the January 1journal 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 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. eBook Complete this question by entering your answers in the tabs below. Pint Req Reg 2A to 20 Reg 3 Reg4 Ress Reference Prepare the January 1 journal entry to record the bonds Issuance. View transactions Journal entry worksheet Record the issue of bonds with a par value of $2,500,000 cash on January 1, 2019 at an issue price of $3,059,990. Note: En debits before credits General Journal Debit Credit Date January 01
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