Problem 10-3A Straight-Line: Amortization of bond premium LO P1, P3 Hillside Issues $1,200,000 of 8%, 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 $1,468,794. Required 1. Prepare the January 1, 2017, Journal entry to record the bonds' Issuance 2a) For each semlannual period, complete the table below to calculate the cash payment. 2(b) For each semlannual perlod, complete the table below to calculate the straight-lIne premlum amortization. 2C) For each semlannual perlod, 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 stralght-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 Rq 2A to 2Req 3 Rq Req 4 Req 5 Prepare the January 1, 2017, journal entry to record the bonds' issuance View transaction list Journal entry worksheet Record the issue of bonds with a par value of $1,200,000 cash on January 1 2017 at an issue price of $1,468,794 Note: Enter debits before credits General Journal Date Debit Credit Jan 01, 2017 Clear entry Record entry View general jourmal Req 1 Req 2A to 2C Req 5 Req Req 2A to 2C Req3 Req 4 For each semiannual period, complete the table below to calculate the cash payment, straight-line premium amortization and bond interest expense. (Round "Unamortized Premium" to whole dollar and use the rounded value for part 4 & 5.) Semiannual cash interest payment Par (maturity) value Annual Rate Year Par (maturity value) Premium on Bonds Payable Straight-line premium amortization Bond price Semiannual periods Semiannual cash payment Premiumm amortization Bond interest expense Req 1 Req 3 > Req 4 Req 1 Req 2A to 2CReq 3 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 Req 4 Req 1 Req 2A to 2C Req 3 Req 4 Req 5 Pisgars the surmal ant ase View transaction list Journal entry worksheet Record the first interest payment on June 30, 2017 Note: Enter debits before credits Debit Date General Journal Credit Jun 30, 2017 Clear entry Record entry View general jourmal K Req 4 Req 5