Problem 10-2A Straight-Line: Amortization of bond discount P1 P2 Hillside issues $4,000,000 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 $3,456,448 Required 1. Prepare the January 1, 2017. journal entry to record the bonds' issuance. 2. For each semiannual period, compute (a) the cash payment. (b) the straight line discount amortization, and (c) the bond interest expense Page 480 3. Determine the total bond interest expense to be recognized over the bonds' life Check 354143.552 4. Prepare the first two vears of an amortization table like Exhibit 10.7 using the straight-line method. (4) 1231 2018 carrying value $3.528.920 5. Prepare the journal entries to record the first two interest payments. Problem 10-3A Straight Line: Amortization of bond premium P1 P3 Refer to the bond details in Problem 10-2A. except assume that the bonds are issued at a price of $4.895.980. Required 1. Prepare the January 1, 2017. journal entry to record the bonds' issuance 2. For each semiannual period, compute (a) the cash payment. (b) the straight-line premiuni amortization, and (c) the bond interest expense 3. Determine the total bond interest expense to be recognized over the bonds life Check (3) 52704020 4. Prepare the first two years of an amortization table like Exhibit 10.11 using the straight-line method. CATE 5. Prepare the journal entries to record the first two interest payments