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Required information [The following information applies to the questions displayed below.) Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,456,448. 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 discount amortization. 20) 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 Reg 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list View journal entry worksheet X No Date General Journal Debit Credit 1 January 01 Cash Discount on bonds payable Bonds payable 3,456,448 543,552 4,000,000 Req 2A to 2C > Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 20 Req 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. (Round your fina dollar.) Par (maturity) value Annual Rate Year Semiannual cash interest payment 2(a) Par (maturity) value Bonds price Discount on Bonds Payable Semiannual periods Straight-line discount amortization 2(b) Semiannual cash payment Discount amortization Bond interest expense 2(c) Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 20 Req 3 Reg 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 0 Total bond interest expense $ 0 Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 20 Reg 3 Reg 4 Req 5 Prepare the first two years of a straight-line amortization table. (Round your intermediate and final answers to the n whole dollar.) Semiannual Period- Unamortized End Discount Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Journal entry worksheet 1 2 Record the first interest payment on June 30. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general joumal