Problem 14-2A Straight-Line: Amortization of bond discount LO 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, complete the table below to calculate the cash payment. 25) For each semiannual period, complete the table below to calculate the straight line discount amortization 2) 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 Print Complete this question by entering your answers in the tabs below. Reg1 Reg 2A to 2C Reg 3 Reg 4 Reg 5 For each semiannual period, complete the table below to calculate the cash payment, straight-line discount amortization and bond interest expense. Par (maturity) value Annual Rate Year Semiannual cash Interest payment Par (maturity) value Bonds price Discount on Bonds Payable Semiannual periods Straight-line discount amortization Bond interest Semiannual cash payment Discount amortization