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Please help with this problem Show work, please. Problem 14-3A Straight-Line: Amortization of bond premium LO P1, P3 Hillside issues $4,000,000 of 6%, 15-year bonds

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Please help with this problem Show work, please.

Problem 14-3A Straight-Line: Amortization of bond premium LO P1, P3 Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31, The bonds are issued at a price of $4,895,980. Required 1. Prepare the January 1, 2017, 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 premium 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 an amortization table using the straight-line method 5. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the issue of bonds with a par value of $4,000,000 on January 1, 2017 at an issue price of $4,895,980. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2017 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 5 Req 1 For each semiannual period, complete the table below to calculate the cash payment, straight-line premium amortization and bond interest expense Par (maturity) value Req 2A to 2C Req 3 Req 4 Semiannual cash interest payment Annual Rate Year Par (maturity value Premium on Bonds Pavable Straight-line premium amortization emiannua Bond price eriods Semiannual cash payment Premiunm amortization Bond interest expense Req 1 Req 3 > Complete this question by entering your answers in the tabs below. Req 4 Req 5 Req 1 Req 2A to 2CReq 3 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 K Req 2A to 2C Req 4 Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 2C Req 3 Req 4 Req 5 Prepare the first two years of an amortization table using the stralght-line method Semiannual Period- Unamortized Carrying End 01/01/2017 06/30/2017 12/31/2017 06/30/2018 12/31/2018 Premium Value Req3 Req5 > Req 1 Req 2A to 2C Req 3 Req 4 Req 5 Prepare the journal entries to record the first two interest payments. View transaction list 1 Record the first interest payment on June 30, 2017. 2 Record the second interest payment on December 31, 2017. Credit Note: - journal entry has been entered

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