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Not graded on Req 2A to 2X Required information [The following information applies to the questions displayed below.] Hillside issues $4,000,000 of 6%,15-year bonds dated
Not graded on Req 2A to 2X Required information [The following information applies to the questions displayed below.] Hillside issues $4,000,000 of 6%,15-year bonds dated January 1,2021 , 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. 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. (3) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the January 1 journal entry to record the bonds' issuance. 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-fine discount amortization. 2 (c) For each semiannual period, complete the table belew to calculate the bond interest expense. 3 . Complete the below table to calculate the total band interest expense to be recognized over the bonds' nfe. 4. Prepare the first two years of a straight-line amortization table. 5. Prepare the joumal entries to record the first two inserest payments. Complete this question by entering your answers in the tabs below. For each semiannual period, compute (c) the cash payment, (b) the stroight-line docount amortizstion, and (c) the bond interest expense. Note: Round your final answers to the nearest whole dollac. The bonds are issued at a price of $3,456,448. Required: 1. Prepare the January 1 joumal entry to record the bonds' issuance. 2(o) 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. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to caiculate 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. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' lafe. 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. 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. Prepare the first two years of a straight-line amortization taifie. Note: Round your intermediate and final answers to the neztest whole dollar. Complete this question by entering your answers in the tabs below. Prepare the joumal entries to record the first two interest payments. Note: Round your intermediate and final answers to the nearest whole dollar. Journal entry worksheet Record the first interest payment on June 30. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the first two interest payments. Note: Round your intermediate and final answers to the nearest whole dollar. Journal entry worksheet Record the second interest payment on December 31 . Note: Enter debits before credits
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