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Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. The bonds are issued
Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,456,448. 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.
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