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Any Help is Greatly appreciated 2 Hillside issues $1,100,000 of 9%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and
Any Help is Greatly appreciated
2 Hillside issues $1,100,000 of 9%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,346,395 5 points Required: 1. Prepare the January 1, 2017, 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 Skipped 4. Prepare the first two years of an amortization table using the straight-line method eBook5. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below Ask Req 1Req 2A to 2C Req3 Req 4 Req 5 Print Prepare the January 1, 2017,journal entry to record the bonds' issuance View transaction listStep by Step Solution
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