Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below) Hillside issues $1,900,000 of 5%, 15 year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 Problem 14-2A (Algo) Straight-Line: Amortization of bond premium LO P3 The bonds are issued at a price of $2,325,594 Required: 1. Prepare the January journal entry to record the bonds' issuance 210) For each semiannual period, complete the table below to calculate the cash payment 216) For each semiannual period, complete the table below to calculate the straight line premium amortization 21 For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below toble 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. Required information Reg 1 Reg 2A to 20 Reg 3 Reg 4 Req 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet > Record the issue of bonds with a par value of $1,900,000 on January 1, 2021 at an issue price of $2,325,594. Notel Enter dbits before credits General Journal Debit Credit Date January 09 Required information Reg 1 Reg 2A to 20 Reg 3 Reg 4 Req5 For each semiannual period, compute (a) the cash payment, (b) the straight-line premium amortization, and (c) the hond interest expense. (Round your final answers to the nearest whole dollar) Par (maturity value Annual Rate Year Semiannual cash interest payment 2a) Bond price Par maturity value) Prerum on Bonds Payable Semiannual periods Straight ne premom amortization 200) Semiannual cash payment Premium amortization Bond interest experise 210) Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 20 Req3 Reg 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 repald Less amount borrowed Total bond interest expense Complete this question by entering your answers in the tabs below. Req 1 Red 2A to 20 Reg 3 Reg 4 Reg 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 Carrying End Premium Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 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 Record the first interest payment on June 30. Note: Enter debite before credits Date General Journal Debit Credit June 30
