Hillside issues $3,000,000 of 5%, 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 $3,671990 Required: 1. Prepare the January 1 journal entry to record the bonds issuance 20) For each semiannual period, complete the table below to calculate the cash payment 2) For each semiannual period, complete the table below to calculate the straightline 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 Req 2A to 20 Rog 3 Roq4 Reqs 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 $3,000,000 cash on January 1. 2019 at an issue price of $3,071,990, Note de General Journal Debit Credit Dale January 01 Reg 1 Reg 2A to 20 Req 3 Reg 4 Reg 5 For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. (Round "Unamortized Premium" to whole dollar and use the rounded value for part 4 & 5.) 2a) Par (maturity value Annual Rate Year Semiannual cash interest payment 2/6) Bond price Par (maturity value) Premium on Bonds Payable Semiannual periods Straight-line premium amortization 210) Semiannual cash payment Premium amortization Bond interest expense ( Req1 Req3 > Req 1 Reg 2A to 20 Reg 3 Reg 4 Reqs Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life 7. 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 $ 0 Checi 2 Reg 1 Reg 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the first two years of a straight-line amortization table. (Round your final answers to the nearest whole dollar amount.) Skloped Carrying Value Boo Semiannual Periode Unamortized End Promium 01/01/2019 06/30/2010 12/31/2019 06/30/2020 12/31/2020 Viewransaction ist Journal entry worksheet