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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 2(b) For each semiannual period, complete the table below to calculate the straight-line discount amortization 24 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 Reg 2 to 20 Req3 Reg 4 Reg 5 Prepare the January 1 journal entry to record the bonds! Issuance. Credil View transaction list View journal entry worksheet No Date General Journal 1 January 01 Cash Premium on bonds payable Bonds payable Debit 3,059,990 559.000 2.500,000 Reg 2 A to 2C> Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2014, 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 21b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 24 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. Req1 Reg 2A to 2C Req3 Reg 4 Req5 For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond Interest expenst. Samiannual cash 2(a) Par (maturity value Annual Rate Year Interest payment 2[b) Par (maturity) value Bonds price Discount on Bonde Payablo Semiannual periods Straight line discount amortization 20) Semiannual con payment Discount amortization Bond Interest expense Reg1 Prev 1 of 2 Next > 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 1journal 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 24 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 Req3 Req4 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 bonde: Amount repaid 30 payments of s 75,000 $ 2,250,000 Par value at maturity 2,500,000 Total repaid 4.750,000 Loss amount borrowed 3,059,990 Total bond interest expense 1,690,010 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 2(b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2id 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 Reg 2A to 20 Req3 Req4 Reg 5 Prepare the first two years of a straight-Ine amortization table Semiannual Period Unamortited Carrying End Discount Value 01/01/2019 $ 550,900 $ 3,059,990 06/30/2019 541,324 3,041.324 12/31/2019 522,658 3,022,658 06/30/2020 103,092 3,003,992 12/31/2020 465,320 2,685,320 Required: 1. Prepare the January 1journal 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 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. Complete this question by entering your answers in the tabs below. Reqi Req 2A to 20 Req3 Req4 Req 5 Prepare the journal entries to record the first two interest payments. Credit View transaction list View journal entry worksheet No Dato General Journal June 30 Bond Interest expense Premium on bonds payable Cash Debit 56,334 18,666 75,000 2. December 31 Bond Interest expense Premium on bonds payable Cash 56,334 18,666 75,000