Problem 14-2A Straight-Line: Amortization of bond discount LO P1, P2 Hillside issues $3,000,000 of 6%, 15 yearbonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $2,592.334 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. es 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. Req 1 Req 2A to 2c Req 3 Req 4 Req 5 For each semi I period, complete the table below to calculate the cash payment, straight-line discount amortization and bond interest exp value Year 3,000,000 6% KPrey 3 of 3 Next earch 4 Discount Bonds 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. 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. r life of bonds: payments of Par value at maturity Total repaid Cha ount Bonds 3 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 33.34 Req 1 Req 2A to 2CReq 3 Req 4 Req 5 an amorti zation table using the straight-line method Print es nt 01/01/2017 12/31/2017 06/30/2018 12/31/2018 Req 3 Req 5 >