Problem 10-2A Straight-Line: Amortization of bond discount LO P1, P2 Hillside issues $1,100,000 of 9%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $950,524 Required: 1. Prepare the January 1, 2015, journal entry to record the bonds' issuance View transaction list View journal entry worksheet No Date General Journal Debit Credit 950,524 149,476 Jan 01, 2015 Cash Discount on bonds payable Bonds payable 1,100,00 2(a)For each semiannual period, complete the table below to calculate the cash payment. Par (maturity) Annual Rate Semiannual cash interest Year value ayment $1,100,000> 9% x 6/12S 49,500