Required information [The following information applies to the questions displayed below.) Hillside issues $4,000,000 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 $4,895,980. 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 premium amortization, 21 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. Answer is not complete. Complete this question by entering your answers in the tabs below. In Enroarn comiannual norinnramnIQTOTO TANIO NOINT Cario T Required information 4. Prepare 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. Req 1 Req 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the January 1 journal entry to record the bonds' issuance. Credit No General Journal Date January 01 Debit 4,895,980 1 Cash Bonds payable Bond interest expense 4,000,000 895,980 Regi Req 2A to 2C> Required information Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 20 Req3 Reg 4 Reqs For each semiannual period, compute (?) the cash payment, (b) the straight-line premium amortization, and (c) the bond interest expense. (Round your fina nearest whole dollar) Year Annual Rate Par (maturity) value Semiannual cash interest payment 2[a) Par (maturity value) Premium on Bonds Payable Semiannual periods Bond price Straight-line premium amortization 2) Semiannual cash payment Premium amortization Bond interest expense 20) Required information Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 2C Req qI Reg 5 Req 4 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 repaid Less amount borrowed Total bond interest expense 0 0 Required information Complete this question by entering your answers in the tabs below. Reg 1 Reg 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 End Premium Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Required information Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A to 20 Reg 3 Reg 4 Req5 Prepare the journal entries to record the first two interest payments. (Round your intermediate and final answers to the nearest whole dollar.) Debit Credit No Date General Journal
