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4)Hillside issues SA,000,000 of 6%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued

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4)Hillside issues SA,000,000 of 6%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $4,895,980 Required a) Prepare the January 1, 2015, journal entry to record the bonds' issuance. b) For each semiannual period, compute (a) the cash payment, (b) the straight- line premium amortization, and (c) the bond interest expense. Determine the total bond inferest expense to be recognized over the bonds' life. c)

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