connect Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest senang PROBLEM SET A June 30 and December 31. The bonds are issued at a price of $3,456,448. Problem 10-1A Straight-Line: Amortization Required of bond discount 1. Prepare the January 1 journal entry to record the bonds' issuance. P2 2. For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization and (c) the bond interest expense. Check (3) $4, 143,552 3. Determine the total bond interest expense to be recognized over the bonds' life. (4) 12/31/2020 carrying 4. Prepare the first two years of a straight-line amortization table like Exhibit 10.7. value $3.528.920 5. Prepare the journal entries to record the first two interest payments