Problem 10-3A Straight-Line: Amortization of bond premium LO P1, P3 Hillside issues S2.400,000 of 9%, 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 $2.937,590 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 premium amortization 2c) 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 Answer is not complete. Complete this question by entering your answers in the tabs below Req 1 Req 2A to 2C Req 3 Req 4 Reg 5 Prepare the journal entries to record the first two interest payments. Jun 30, 2017 Bond interest expense Premium on bonds payable 08000 Cash 0.080 2De 31 2317 ened eeet Premum on bonds payable Cash 7 920 03 000