Hillside issues $1,600,000 of 9%, 15-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,382,579.

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.
	Prepare the first two years of an amortization table using the straight-line method. Prepare the journal entries to record the first two interest payments.