O Required information The following information applies to the questions displayed below) Hillside issues $1,600,000 of 9%, 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 $1,382,579. 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 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 2c Reg 3 Reg 4 Reg 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $1,600,000 cash on January 1, 2020 at an issue price of $1,382,579 Note: Enter debits before credits fanns in nel rendit Required information Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A to 2C Reg 3 Req4 Reg 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet 1 Record the issue of bonds with a par value of $1,600,000 cash on January 1, 2020 at an issue price of $1,382,579. Note: Enter debits before credits Date January 01 General Journal Debit Credit Record entry Clear entry View general Journal Reg 1 Req 2A to 2C > 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 210) 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. Rea 1 Regs Reg 2 to 20 Rea Reg4 For each semiannual period, compute (a) the cath payment (b) the straight-line discourt amortization, and (c) the bond interest expense. (Round your finl answers to the nearest whole dollan) Semlannalosh 2(a) Parimaturity value Annual Rate 200) Par (maturity value Bonds price Discount on Bonde Payable semiannual periods Straight line discount amortization 210) Semiannual cash payment Discount amortization Bond interest expense The bonds are issued at a price of $1,382,579. 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. 210 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. ces Reg 1 Reg 2A to 20 Reg 3 Reg 4 Reg 5 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 maturity Total repaid Less amount borrowed Total bond interest expense Hillside issues $1,600,000 of 9%, 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 $1,382,579. 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(6) For each semiannual period, complete the table below to calculate the straight line discount amortization 20 For each semiannual period, complete the table below to calculate the bond Interest expense. 3. Complete the below toble 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 20 Req3 Req4 Reg 5 Prepare the first two years of a straight-line amortization table. (Round your intermediate and final answers to the nearest whole dollar) Semiannual Period- Unamortized Carrying End Discount 01/01/2020 06/30/2020 12/31/2020 06/30/2021 12/31/2021 Value Required information Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 2C Req3 Reg 4 Reg 5 Prepare the journal entries to record the first two interest payments. (Round your intermediate and final answers to the nearest dollar.) View transaction list Journal entry worksheet
