Required information [The following information applies to the questions displayed below] Hillside issues $2,700,000 of 7%, 15 year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $3,304,790. Required: 1. Prepare the January 1 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, 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 a straight-line amortization table. 5. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Req ZA to 20 Req 4 Reg 5 Prepare the January 1 journal entry to record the bonds issuance. View transaction fist Journal entry worksheet Record the issue of bonds with a par value of $2,700,000 cash on January 1, 2020 at an issue price of $3,304,790. Note Enter debts before credits Date January 01 General Journal Discount on bonds payable Bonds payable Debit 3,304,790 604.790 Credit 2.700,000 Recorder Clear entry View general joumal Req 2A to 2C > Required information [The following information applies to the questions displayed below] Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $3,304,790. Required: 1. Prepare the January 1 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. 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 a straight-line amortization table. 5. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Red 1 Role 2A to 2C Req 4 Req 5 For each semiannual period, compute (a) the cash payment, (b) the straight-line premium amortization, and (c) the bond interest expense. (Round your final answers to the nearest whole dollar) 2 Par (maturity) value Annual Rate Year Semiannual cash interest payment 201 Bond price Par maturity value) Premium on Bonds Payable Semiannual periods Straight-line premium amortization Semiannual cash {0} payment Premium amortization Bond interest Required information [The following information applies to the questions displayed below.] Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,304,790. Required: 1. Prepare the January 1 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. 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 a straight-line amortization table. 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 4 Req 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 Total repaid Par value at maturity Less amount borrowed Total bond interest expense $ 0 < Req 2A to 2C Req 4 > Required information [The following information applies to the questions displayed below] Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $3,304,790. Required: 1. Prepare the January 1 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. 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 a straight-line amortization table. 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 2C1 Req 3 Req 4 Req 5 Prepare the first two years of a straight-line amortization table. (Round your intermediate and final answers to the nearest whole dollar.) Semiannual Period- Unamortized End 01/01/2020 06/30/2020 12/31/2020 06/30/2021 12/31/2021 Carrying Value Premium Required information [The following information applies to the questions displayed below] Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,304,790. Required: 1. Prepare the January 1 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. 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 a straight-line amortization table. 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 Prepare the journal entries to record the first two interest payments. (Round your intermediate and final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 2 Record the first interest payment on June 30. Note: Enter debits before credits. Date June 30 General Journal Debit Credit Record entry Clear entry