Hillside issues $4,000,000 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 $3,456,448. 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. 26) For each semiannual period, complete the table below to calculate the straight-line discount amortization 21 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Reqi Reg 2 to 20 Req3 Reg Reg 5 Prepare the January 1 journal entry to record the bonds' Issuance. No Date General Journal January 01 Cash Discount on bonds payable Bonds payable Credit 1 Debit 3,456,448 534,552 4,000,000 Req2A to RC > or each semiannual period, complete the table below to calculate the bond interest expense. mplete the below table to calculate the total band interest expense to be recognized over the bonds' life. apare the first two years of a straight-line amortization table. repare the journal entries to record the first two interest payments. Answer is not complete. Complete this question by entering your answers in the tabs below. Rea 1 Reg 2A to 2 Req3 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 2a) Year Par (maturity value 4,000,000 Annual Rate 6% Semiannual cash Interest payment 120,000 6/12 210) Par naturity value Bonds price Discount on Bonds Payable 18.118 Semiannual periods Straightine discount amortization 20 2- Seminal cash payment Discount amortization Bond interest expens 1 of 18 ! Next > MacBook Air 20 44 F 74 $ 4 % 5 & 7 2 3 vo 8 9 O' W E R Y U 0 S D F G H J C V B N M ne discount amorization 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, Answer is not complete. Complete this question by entering your answers in the tabs below. Reg1 Req 2A to 20 Req3 Reg 4 Req5 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 maunty Total paid Les amount borrowed Total bond interest expense 0 $ 0 Pru 1 ofta Next > MacBook Air * 90 888 14 ** > 18 # 3 * 2 % 5 4 6 & 7 8 9 0 W E R T Y U O S D F H J C V B N M Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A to 2c Reg 3 Reg 4 Reqs Prepare the first two years of a straight-line amortization table. Unamortized Discount Carrying Value Semiannual Period-End 01/01/2010 08/30/2019 12/31/2019 06/30/2020 12/31/2020 Rega > Prom 1 of 18 BE Next > MacBook Air * SO 888 000 FS ** # 3 A 2 $ 4 % 5 6 7 8 9 W E R Y U 1 0 S D F G H J R est payments. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 20 Reg 3 Reg 4 Regst Prepare the journal entries to record the first two interest payments. No Date Debit Credit 1 June 30 General Journal Bond Interest expense Premium on bonds payable Cash OBO 90,134 29,866 120,000 2 December 31 Bond Interest expense Premium on bonds payable Cach OO 90,134 29.806 120,000 Prov 1 of 18 !!! Next > MacBook Air * 80 F3 888 4 # 2 3 $ 4 % 5 6 & 7 * 8 9 W E 70 T Y Y 0 S D F H J xllc B Nir M