Problem 14-2A Straight-Line: Amortization of bond discount LO P1, P2 Hillside issues $2,400,000 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 $2,073,868. 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 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 Reg 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the January 1, 2017, journal entry to record the bonds' issuance. View transaction list Req 1 Reg 2A to 20 Reg 3 Req 4 Req 5 Prepare the January 1, 2017, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 20 Req3 Req 4 Reg 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 0 0 Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 20 Reg 3 Req 4 Req 5 Prepare the first two years of an amortization table using the straight-line method. Semiannual Period- Unamortized End Discount 01/01/2017 Carrying Value 06/30/2017 12/31/2017 06/30/2018 12/31/2018 6 Next > VLUSULUI ISL Journal entry worksheet