Refer to the bond details in Problem 10-2A, except assume that the bonds are issued at a price of $4,895,980.

Required

1.Prepare the January 1, 2013, journal entry to record the bonds? issuance. 2. For each semiannual period, compute (a) the cash payment, (b) the straight-line premium amortiza-

tion, and (c) the bond interest expense. 3.Determine the total bond interest expense to be recognized over the bonds? life. 4.Prepare the first two years of an amortization table like Exhibit 10.7 using the straight-line method. 5.Prepare the journal entries to record the first two interest payments.

u10a1 Template C BUS4060Unit 10 Assignment 1C Problem 10-3A (Use the tab key at the end of each table to add more lines.) Always show calculations! Required 1 Hartford Research Required 2 Hartford Research 1 u10a1 Template C Required 3 Hartford Research Required 4 Semiannual Period-End 1/01/2013 Unamortized Premium Carrying Value 6/30/2013 12/31/2013 6/30/2014 12/31/2014 2 u10a1 Template C Required 5 June 30 2013 Dec. 31 3