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Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. roblem 10-2A (Algo)

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Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. roblem 10-2A (Algo) Straight-Line: Amortization of bond premium LO P3 me bonds are issued at a price of $3,304,790. equired: Prepare the January 1 journal entry to record the bonds' issuance. a) For each semiannual period, complete the table below to calculate the cash payment. (b) For each semiannual period, complete the table below to calculate the straight-line premium amortization. (c) For each semiannual period, complete the table below to calculate the bond interest expense. . Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Prepare the first two years of a straight-line amortization table. - Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 2C Req 3 Req 4 Req 5 Prepare the first two years of a straight-line amortization table. (Round your intermediate and final answers to the nearest whole dollar.) Semiannual Period- Unamortized End Carrying Premium Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 9

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