Check my work Hillside issues $1,400,000 of 5%, 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 $1,713,594. 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 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. Reg 1 Reg 2 to 20 Reg 3 Reg 4 Reqs Prepare the January 1 journal entry to record the bonds" issuance. View transaction list Journal entry worksheet 1 Record the issue of bonds with a par value of $1,400,000 cash on January 1 2019 at an issue price of $1,713,594. Note: Enter debits before credits General Journal Debe Credit Date January 01 Record entry Clear entry View general journal Red 2A to 20 > Hillside issues $1,400,000 of 5%, 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 $1,713,594. 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. 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. Reg 1 Req 2A to 2C Reg 3 Req 4 Reg 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 Loss amount borrowed Total bond Interest expense 0 $ 0 Check my work Hillside issues $1,400,000 of 5%, 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 $1,713,594. 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, 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. Reg 1 Reg 2A to 20 Req3 Reg 4 Req 5 Prepare the first two years of a straight-line amortization table. (Round your final answers to the nearest whole dollar amount.) Carrying Value Semiannual Period: Unamortized End Premium 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 . Hillside issues $1,400,000 of 5%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 December 31. The bonds are issued at a price of $1,713,594. 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 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. Reg 1 Req 2A to 20 Req3 Reg 4 Reg 5 Prepare the journal entries to record the first two interest payments. (Round your final answers to the nearest whole dol View transaction list Journal entry worksheet
