59 & 10 Hillside issues $2,300,000 of 8%, 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 $1,987,457 Required: 1. Prepare the January 1journal entry to record the bonds' issuance. 2a) 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 discount 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. Complete this question by entering your answers in the tabs below. Req 1 Reg 2A to 20 Req3 Reg 4 Reg 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Teslat nant e to search O 53 112 entering your answers in the tabs below. 3 Req 1 Req 2A to 20 Req3 Req 4 Reqs Prepare the January 1 journal entry to record the bonds" issuance. 0:37 View transaction list Journal entry worksheet 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 Req 2A to 20 Reg 3 Req 4 Reg 5 For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. 2(a) Par (maturity) value Annual Rate Year Semiannual cash interest payment 2() Par (maturity value Bonds price Discount on Bonds Payable Semiannual periods Straight line discount amortization |2(c) Semiannual cash payment Discount amortization Bond Interest expense Req1 Req3 > 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. Req 1 Req 2A to 20 Req3 Req 4 Req 5 Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over life of bonds: Amount repaid payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense Nov the bond interest expense. 3. Complete the below table to calculate the total bond interest expense to be recognized over the bom 4. Prepare the first two years of a straight-line amortization table. 5. Prepare the journal entries to record the first two interest payments. 08 Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 20 Req3 Req 4 Req 5 Prepare the first two years of a straight-line amortization table. Carrying Value Semiannual Period- Unamortized End Discount 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 Reg 1 Req 2A to 20 Req3 Reg 4 Req 5 Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet Record the first interest payment on June 30. Note: Enter debits before credits. Debit Credit General Journal Date June 30 View general journal Clear entry Record entry