prob1

Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below) Hillside issues $2,300,000 of 8%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31 Problem 10-1A (Algo) Straight-Line: Amortization of bond discount LO P2 The bonds are issued at a price of $1.987457 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 21b) 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. Reg 1 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 1 Record the issue of bonds with a par value of $2,300,000 cash on January 1, 2020 at an issue price of $1,987,457. Note: Enter debits before credits. Debit Credit Date General Journal January 01 Prey 1 of 2 !!! Next > Journal entry worksheet