Problem 10-2A Straight-Line: Amortization of bond discount LO P1, P2 Hillside issues $2,000,000 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 $1,728,224. 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 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 an amortization table using the straight-line method. 5. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Req1 Req 2A to 2CReq3 Req 4 Req 5 Prepare the January 1, 2017, journal entry to record the bonds' issuance. View transaction list Journal entry worsheet Req 1Req 2A to 2CReq 3 Req 4 Req 5 Prepare the January 1, 2017, journal entry to record the bonds' issuance. View transaction list 1 Record the issue of bonds with a par value of $2,000,000 cash on January 1, 2017 at an issue price of $1,728,224 uary 1, Credit Note journal entry has been entered Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 2C Req 3 Req 4 Req 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 0 0 KReq 2A to 2C Req 4 Complete this question by entering your answers in the tabs below. Req 4 Req 1 Req 2A to 2C Req 3 Prepare the first two years of an amortization table using the straight-line method Semiannual Period- Unamortized Req 5 Carrying Discount End 01/01/2017 06/30/2017 12/31/2017 06/30/2018 12/31/2018 Value X: 1 Record the first interest payment on June 30, 2017 2 Record the second interest payment on December 31, 2017 Crec