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Help Hillside issues 51,300,000 of 7%, 15-year bonds dated January 1, 2019. that pay interest semiannually on June 30 and December 31 The bonds are
Help Hillside issues 51,300,000 of 7%, 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 $1,591,194. 33 34 points Skipped 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 2b) 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' wife 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. Reg1 Reg 2A to 2C Reg 3 References Prepare the January 1 journal entry to record the bonds issuance View transaction list Journal entry worksheet Record the issue of bonds with a par value of $1,300,000 cash on January 1, 2019 atanu price of $1,591,194
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