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Hillside issues $1,200,000 of 8%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31 The bonds are issued
Hillside issues $1,200,000 of 8%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $1,468,794 Required 1. Prepare the January 1, 2018, 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 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 an amortization table using the straight-line method 5. Prepare the journal entries to record the first two interest payments. 10 points Skipped eBook Print Complete this question by entering your answers in the tabs below References Req 4 Req 1Req 2A to 2C Req 3 Prepare the first two years of an amortization table using the straight-line method Semiannual Period- UnamortizedCarrying Req 5 Value End 01/01/2018 06/30/2018 12/31/2018 06/30/2019 12/31/2019 Premium
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