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Hillside issues $$2,400,000$ of $9\%,15-$year bonds dated January $1,$

$2020,$ that pay interest semiannually on June $30$ and December

$31.$The bonds are issued at a price of $$2,073,868.$

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 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.