please show formulas. thanks in advance! :)
Hillside issues $1.600,000 of 9%, 15-year bonds dated January 1, 2019, 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 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 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. Reg1 Req 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, 2019 at an issue price of $1,382,579 No Enter debit before credits General Journal Debit Credit Date January 01 Pre 1 of 6 Next > Hillside issues $1,600,000 of 9%, 15.year bonds dated January 1, 2019, 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 2c) 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 For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. Semiannual cash 12(a) Par (maturity value Annual Rate Interest payment Year 2(b) Par (maturity) value Bonds price Discount on Bonds Payable Semiannual periods Straight line discount amortization |2(c) Semiannual cash payment Discount amortization Bond interest expense Hillside issues $1.600.000 of 9%, 15 year bonds dated January 1 2019, 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 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 2c) 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. aces Reg 1 Reg 2A to 20 Reg 3 Reg 4 Reqs Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over lite of bonds: Amount repaid payments of Par value at maturity Total repaid Less amount borrowed Total bond Interest expense 0 0 Hillside issues $1600,000 of 9%, 15-year bonds dated January 1, 2019, 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. 2la) 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 2c) 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 20 Reg 3 Reg 4 Reg 5 Prepare the first two years of a straight-line amortization table Carrying Value Somiannual Period: Unarnortired End Discount 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 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() For each semiannual period, complete the table below to calculate the straight-line discount a 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 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 Req 2A to 20 Req 3 Reg 4 Reg 5 Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet 1 N Record the first interest payment on June 30. Note: Enter debits before credits Date General Journal Debit Credit June 30 Record entry Clear entry View general journal epare the January 1 journal entry to record the bonds' issuance. For each semiannual period, complete the table below to calculate the cash payment. For each semiannual period, complete the table below to calculate the straight-line discour For each semiannual period, complete the table below to calculate the bond interest expen omplete the below table to calculate the total bond interest expense to be recognized over repare the first two years of a straight-line amortization table. Fepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 20 Reg 3 Reg 4 Reg 5 epare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet
