[The following information applies to the questions displayed below.]

Hillside issues $1,500,000 of 6%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31.

The bonds are issued at a price of $1,296,168.

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.

Required information The following information applies to the questions displaycd below] Hiliside issues $1,500,000 of 6%,15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 . The bonds are issued at a price of $1,296,168. 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. iim for each semiannual period complete the table below to calculate the straightiline discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below taple to calculate the total bond interest expense to be recognized over the bonds'ife. 4. Prepore the first two years of a straight-line amortization table. 5. Prepare the journal entries to record the first two interest payments. Answer is not complete. Complete this question by entering your answers in the tabs below