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Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2015, 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, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $4,895,980.

2(b) For each semiannual period, complete the table below to calculate the straight-line premium amortization Par (maturity value) Premium on Bonds Payable Semiannual periods Straight-line premium amortization Bond price

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