Hillside issues $1,600,000 of 9%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,958,394.

3. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over life of bonds: Amount repaid: ___________ payments of _________ Par value of maturity _____________ Total Repaid Less amount borrowd _____________ Total bond interest expense

4. Prepare the first two years of an amortization table using the straight-line method

Semiannual Period End	Unamortized Premium	Carrying Value
01/01/2015
06/30/2015
12/31/2015
06/30/2016
12/31/2016