Hillside issues $1,000,000 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 $864113. 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. 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' 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 Req 2A to 20 Reg 3 Req 4 Reg 5 Prepate the January 1 journal entry to record the bonds" Issuance Journal entry worksheet Record the issue of bonds with a par value of $1,000,000 on January 1, 2021 at an issue price of $864,113. Note: Enter debits before credits. Date January 01 General Journal Cash Discount on bonds payable Bonds payable Record entry Clear entry Debit 864,113 Credit 1,000,000 View general journal Req 2A to 2C Req 4 For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. (Round nearest whole dollar) Par (maturity) value Req 1 2(a) 2(b) 2(c) Par (maturity) value Req 3. Semiannual cash payment Annual Rate Bonds price Req 5 Discount amortization Year Discount on Bonds Payable Bond interest expense < Req 1 Semiannual cash interest payment Semiannual periods. Req 3 > Straight-line discount amortization Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 2C Req 3 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 Req 4 Total repaid Less amount borrowed Total bond interest expense $ < Req 2A to 2C 0 0 Req 4 > Req 1 Req 2A to 20 Req 3 Semiannual Period- Unamortized Discount End 01/01/2021 Prepare the first two years of a straight-line amortization table. (Round your intermediate and fil whole dollar.) 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Req 4 Req 5 Carrying Value Journal entry worksheet K 1 2 Record the first interest payment on June 30. Note: Enter debits before credits. Date June 30 Record entry General Journal Clear entry Debit Credit View general journal Journal entry worksheet < 1 2 Record the second interest payment on December 31. Note: Enter debits before credits. Date December 31 Record entry General Journal Clear entry Debit Credit View general journal