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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 methood 5. Prepare the journal entries to record the first two interest payments. 10 points Skipped eBook Complete this question by entering your answers in the tabs below Print Req 1 Req 2A to 2C Req 3 Req 4 Req 5 For each semiannual period, complete the table below to calculate the cash payment, straight-line premium amortization and bond interest expense. (Round "Unamortized Premium" to whole dollar and use the rounded value for part 4 & 5.) Semiannual cash interest payment Par (maturity) value Annual Rate Year Par (maturity value Premium on Bonds Payable Straight-line premium amortization Bond price Semiannual periods Bond i Premium amortization Semiannual cash est ent expense
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