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Hillside issues $2,000,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued

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Hillside issues $2,000,000 of 6%, 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 $2,447,990 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 20) 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 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 2C Reg 3 Reg 4 Req5 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 $2,000,000 cash on January 1, 2019 at an issue price of $2,447,990. Note: Enter debits before credits Date General Journal Debit Credit January 01 For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the band interest expense. (Round "Unamortized Premium to whole dollar and use the rounded wave for part 4 5 .) 2 ) Par maturity Annual Race Year Interest payment 200 Semua periods S Total bond interest expense over life of bonds: Amount repaid: payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense 0

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