PLEASE HELP!!!!!! Transcribed image text: Hillside issues $1,400,000 of 5%,15-year bonds dated January 1,2021 , that pay
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Transcribed image text: Hillside issues $1,400,000 of 5%,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 $1,209,757 Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2(d) 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 joumal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. 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 January 1 journal entry to record the bonds' issuance. For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. (Aound nearest whole dollar.) Complete the below table to calculate the total bond interest expense to be Prepare the first two voars of a straight-line amortization table. (Round your i whole dollar.) Record the first interest payment on June 30 . Note: Enter debits before credits ![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665dcfa9c43a7_041665dcfa9bebce.jpg)
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