Problem 10-1A Straight-Line: Amortization of bond discount LO P2 Hillside issues $2,700,000 of 7%, 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 $2,333,101. 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(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. Reg 1 Req 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Reg 1 Reg 2A to 20 Reg 3 Reg 4 Reg 5 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 Reg 1 Req 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the first two years of a straight-line amortization table. Semiannual Period- Unamortized End Discount 01/01/2019 Carrying Value 06/30/2010 12/31/2019 06/30/2020 12/31/2020 Reg 1 Req 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet