Hillside issues $2,900,000 of 9%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,549,590 Required 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) 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 an amortization table using the straight-line method 5. 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 January 1, 2017, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $2,900,000 cash on January 1, 2017 at an issue price of $3,549,590 Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2017 Complete this question by entering your answers in the tabs below Req 2A to 2C Req 4 Req 1 Req 3 Req 5 For each semiannual period, complete the table below to calculate the cash payment, straight-line premium amortization and bond interest expense. (Round "Unamortized Premium" to whole dollar and use the rounded value for part 4 & 5.) emiannual cas Par (maturity) value Annual Rate Year interest payment Par (maturity value Premium on Bonds Payable Straight-line premium amortization Bond price Semiannual periods Semiannual cash payment Premiumm amortization Bond interest expense K Req 1 Req 3> Complete this question by entering your answers in the tabs below. Req 1Req 2A to 2CReq 3 Req 5 Req 4 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 at maturity Total repaid Less amount borrowed Total bond interest expense Complete this question by entering your answers in the tabs below. Req 4 Req 5 Req 1Req 2A to 2C Req 3 Prepare the first two years of an amortization table using the straight-line method Semiannual Period- Unamortized Carrying End 01/01/2017 06/30/2017 12/31/2017 06/30/2018 12/31/2018 Premiumm Value K Req 3 Req5> Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet 2 Record the first interest payment on June 30, 2017. Note: Enter debits before credits Date General Journal Debit Credit Jun 30, 2017
