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2 2 of 2 Required information. [The following information applies to the questions displayed below] Hillside issues $4,000,000 of 6%, 15-year bonds dated January
2 2 of 2 Required information. [The following information applies to the questions displayed below] Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 wints Book 01 Print References The bonds are issued at a price of $4,895,980. 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 2d 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 Complete this question by entering your answers in the tabs below. Reg 1 Heg 2A to 20 Req3 Reg 4 5 For aach semiannual period, compute (a) the cash payment, (b) the straight line premeum amortization, and (c) the bond interest expense (Round your final answers to the nearest whole doll) Per matury) alue Annual Rabe That 200) Bond price Palinsturny valuny Presotun on Bonds Pay 2009 2 Semiannual best Erynent < < Reg Reg3>
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