Hartford Research issues bonds dated January $1$ that pay interest semiannually on June $30$ and December $31.$ The bonds have a $$22,000$ par value and an annual contract rate of $12\%,$ and they mature in $10$ years. $($Table B$\mathrm{.}1,$ Table B$\mathrm{.}2,$ Table B$\mathrm{.}3,$ and Table B$\mathrm{.}4)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round all table values to $4$ decimal places, and use the rounded table values in calculations.Required information

$[$The following information applies to the questions displayed below.$]$

Hillside issues $$1,900,000$ of $5\%,15-$year bonds dated January $1,2021,$ that pay interest semiannually on June $30$ and

December $31.$

The bonds are issued at a price of $$2,325,594.$

Required:

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.

Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life.

Prepare the first two years of a straight$-$line amortization table.

Prepare the journal entries to record the first two interest payments.

Complete this question by entering your answers in the tabs below.

Req $1$

Prepare the January $1$ journal entry to record the bonds' issuance.

Journal entry worksheet

Record the issue of bonds with a par value of $$1,900,000$ on January $1,2021$

at an issue price of $$2,325,594.$

Note: Enter debits before credits.

Required:

Consider each separate situation.

The market rate at the date of issuance is $10\%.$

$($a$)$ Complete the below table to determine the bonds' issue price on January $1.$

$($b$)$ Prepare the journal entry to record their issuance.

The market rate at the date of issuance is $12\%.$

$($a$)$ Complete the below table to determine the bonds' issue price on January $1.$

$($b$)$ Prepare the journal entry to record their issuance.

The market rate at the date of issuance is $14\%.$

$($a$)$ Complete the below table to determine the bonds' issue price on January $1.$

$($b$)$ Prepare the journal entry to record their issuance.