Hillside issues $1,400,000 of 5%, 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 $1.209.757. 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 26) For each semiannual period, complete the table below to calculate the straight line discount amortization 2) 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. Regi Red 2A to 20 Reg 3 Reg 4 Reg 5 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 $1,400,000 cash on January 1, 2019 at an issue price of $1,209,757. Notte debits before credits General Journal Debit Credit January 01 Hillside issues 51,400,000 of 5% 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 $1,209,757 Required: 1. Prepare the January 1journal entry to record the bonds' issuance 2a) For each semiannual period, complete the table below to calculate the cash payment 26) For each semiannual period, complete the table below to calculate the straight line discount amortization 2) 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. Rest Red 24 to 20 Rega fe R5 For each semiannual period, compute (a) the cash payment, the straight line discount amortization, and (c) the borid interest expense. 2) Par manurity value Annual Rate Sumanual cash Interest payment Year 2b) Par maturity value Bonds price Discount Bonds Payable Semiannual periods Straight discount mortation 20 Seminttual cash payment Discount amortization Blond interest expense Problem 10-1A Straight-Line: Amortization of bond discount LO P2 Hillside issues $1,400,000 of 5%, 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 $1.209,757 Required: 1. Prepare the January 1 journal entry to record the bonds issuance, 2a) For each semiannual period, complete the table below to calculate the cash payment 26) 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. Reg1 Req2A to 20 Req3 Red 4 Regs Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over lite of bonds Amount repaid payments of Par value at maturity Totalrepaid Less amount borrowed Total bond interest expense 5 D Hillside issues $1,400,000 of 5% 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 $1.209.757 Required: 1. Prepare the January 1journal entry to record the bonds'issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment 26) For each semiannual period, complete the table below to calculate the straight line discount amortization, 2) 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 Reg 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the first two years of a straight-line amortization table Carrying Value Semiannual Period Unamortized End Discount 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 Hillside issues $1,400,000 of 5% 15-yeat bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,209,757 Required: 1. Prepare the January journal entry to record the bonds issuance 2[a) For each semiannual period, complete the table below to calculate the cash payment 2.) For each semiannual period, complete the table below to calculate the straight line discount amortization 2) 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. Regt Reg 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet 1 2 Record the first interest payment on June 30. Notenter det before create General Journal Debit Credit June 30