Hillside issues $1,100,000 of 9%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issues at a price of $1,346,395.

1. Prepare the first two years of amorizarion table using the straight- line method.

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

Prepare the first two years of an amortization table using the straight-line method Semiannual Period-Unamortized Value End 01/01/2017 06/30/2017 12/31/2017 06/30/2018 12/31/2018 Premium $ 246,395 1,346,395