Displayed below.) Hillside issues $2,300,000 of 8%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $2,815,190, 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(6) For each semiannual period, complete the table below to calculate the straight-line premium amortization. 210) 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 Reg 3 Req 4 Reg 5 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 $2,300,000 cash on January 1, 2020 at an issue price of $2,815,190 Hillside issues $2,300,000 of 8%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $2,815,190, 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() For each semiannual period, complete the table below to calculate the straight-line premium amortization, 2 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. Req1 Req 2A to 20 Reg 3 Reg 4 Reg 5 For each semiannual period, compute (a) the cash payment, (b) the straight-line premium amortization, and (c) the bond interest expense. (Round answers to the nearest whole dollar) 2(0) Par (maturity) value Annual Rate Year Semiannual cash Interest payment 2(b) Bond price Par (maturity value) Premium on Bonds Payable Semiannual periods Straight-line premium amortization 2(c) Semiannual cash payment Premium amortization Bond interest expense Hillside issues $2,300,000 of 8%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $2,815,190. 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, 216) For each semiannual period, complete the table below to calculate the straight-line premium amortization 2 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. Req1 Reg 2 to 2c Reg 3 Red 4 Reqs Complete the below table to calculate the total bond interest expense to Se 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 $ 0 0 Saved Hillside issues $2,300,000 of 8%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $2,815,190. 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 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 Req 2A to 2c Reg 3 Reg 4 Regs Prepare the first two years of a straight-line amortization table. (Round your intermediate and final answers to the nearest whole dollar) Semiannual Period- Unamortized Carrying End Premium Value 01/01/2020 06/30/2020 12/31/2020 06/30/2021 12/31/2021 Hillside issues $2,300,000 of 8%, 15-year bonds dated January 1, 2020, that pay Interest semiannually on June 30 and December 31 The bonds are issued at a price of $2,815,190. 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 210) 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 Reg 3 Reg 4 Regs Prepare the journal entries to record the first two interest pay. (Round your intermediate and final answers to the nearest whole Reg 5 dollar) View transaction list Journal entry worksheet 2 Record the first interest payment on June 30.
