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please help value 2.50 points Hillside issues $1,700,000 of 8%, 15-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December
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value 2.50 points Hillside issues $1,700,000 of 8%, 15-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,080,794 Required 1. Prepare the January 1, 2013, journal entry to record the bonds' issuance Answer is complete and correct. No Credit Date Jan. 1 2013 General Journal Debit Cash 1 2,080,7 Premium on bonds payable Bonds payable 2(a)For each semiannual period, complete the table below to calculate the cash payment Answer is not complete Semiannual cash interest Par Annual Rate Year (maturity) value ment 68,0 $ 1,700,00 2(b)For each semiannual period, complete the table below to calculate the straight-line premium amortization. (Round "Unamortized Premium" to whole dollar and use the rounded value for part 4 & 5.) Answer is not complete Premium on Bonds Payable Straight-line premium amortization ar Semiannual periods Bond price (maturity value 2(c)For each semiannual period, complete the table below to calculate the bond interest expense ond interes emiannua cash remium ent amortization ex 3. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Answer is not completee Total bond interest expense over life bonds Amount repaid of Par value at mat Total repaid Less amount borrowed Total bond interest expense
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