Required information Use the following informotion for the Problems below. (Algo) The following information applips to the questions displayed below] Hillside issues $1,400,000 of 5%, 15 -year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 3t. Problem 10-1A (Algo) Straight-Line: Amortization of bond discount LO P2 The bonds ore issued at a price of $1,209,757 Required: 1. Prepare the January 1 journal entry to record the bonds issuance 2( o) 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' iffe 4. Prepore 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. Problem 10-1A (Algo) Straight-Line: Amortization of bond discount LO P2 The bonds are isstied at a price of $1,209757. 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 semiannuaf 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 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. Prepare the January 1 journal entry to record the bonds' issuance. Problem 10-1A (Algo) Straight-Line: Amortization of bond discount LO P2 The bonds are issued ot a price of $1.209757. Requitred: 1. Prepore the January tjoumai entry to record the bonds' issuance. 2 (a) For each semisnnubl period, complete the table below to calculate the cash payment. 2(b) For eoch semiannuol period, complete the table below to calculate the straight-line discount amortization. 2(c) For eoch scriannual period complete the table below to calculote the bond interest expense 3. Complete the below table to colculate the total bond interest expense to be recognized over the bonds' iffe 4. Prepare the first two years of a straight-Aine amortization table 5. Prepoce the journal entries to record the first two interest payments Complete this question by entering your answers in the tabs below. For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. Note: Round your final anserers to the nearest whose dollat. [The following information applies to the questions displayod below] Hillside issues $1400000 of 5:15 yecoi bonds dsted thinuary 1,2021 that pay interest semiannually on June 30 and December 31 Problem 10-1A (Algo) Straight-Line: Amortization of bond discount LO P2 The bonds ore iswed ot a pice or 51,209757 Requlred: 1. Prepare the January 1 juinal entry to tecord the bonds' issuance. 2 (a) for each sermiannual period, complete the table bolow to calculate the cash poyment 2) for For esch semianciel period complete the table below to colculate the straight fine discount amortization 2(c) For eoch sertiannual perisd, complete the table below to calculate the bond interest experase. 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 o strosght line amortizotion table. 5. Prepare the foumal entres to record the first two interest poyments Complete this question by entel so your answers in the tabs below. Hillside issues $1,400,000 of 5\%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December31 Problem 10-1A (Algo) Straight-Line: Amortization of bond discount LO P2 The bonds are issued at a pnce of $1,209757 Required: 1. Prepare the January 1 journol entry to record the bonds'issuance 2(o) For each semionnual period, complete the table below to calculate the cash payment 2(b) For each seminnual period, complete the toblo below to calculate the stralght-fine discount amontization. 2(c) For each somiannual period. complete the table below to colculate the bond interest expense. 3. Complete the below toble to calculate the total bond interest expense to be recognized over the bonds' life 4. Prepore 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. Prepare the first two years of a straight-line amontiza Note: Poosind your internediate and final answers to the nearest whole dollar: Problem 10-1A (Algo) Straight-Line: Amortization of bond discount LO P2 The bonds are issued at a price of 51209757 . Required: 1. Piepare the Jansary 1 joumal entry to record the bonds issuance 2.a) For each semianisal period, complete the table below to colculate the cash payment 2:0) For each semiannual poriod complete the table below to calculate the straight-ine discocant amortization 2. (a) For each semianual penod complete the table below to calculate the bond interest expense 3. Complete the below table to calculate the total bond interest expense to be tecognized over the bonds' life. 4. Prepace the first two years of a straight-fine-amortization table 5. Prepare the journal enthes to record the first two interest poyments Complete this question by entering your answers in the tabs below. Prepare the journal entries to fecord the first two interest paymqnts
