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tab 2: Record the second interest payment on December 31, 2018. Hillside issues $2,800,000 of 8%, 15-year bonds dated January 1, 2018, that pay interest
tab 2: Record the second interest payment on December 31, 2018.
Hillside issues $2,800,000 of 8%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2.419.512 Requlred: 1. Prepare the January 1, 2018.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 an amortization table using the straight-line method. 3. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below Req 1Req 2A to 2C Req 3 Req 4 Req 5 Prepare the January 1, 2018, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $2,800,000 cash on January 1 2018 at an issue price of $2,419,512. Note: Enter debits before credits Date General Journal Debit Credit Jan 01, 2018 Record entry Clear entry View general journalStep by Step Solution
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