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What would be the correct answers? 5.13, P 10-1A, 4A Saved ! Required information Use the following information for the Problems below. (Algo) [The following
What would be the correct answers?
5.13, P 10-1A, 4A Saved ! Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.) Hillside issues $1,600,000 of 9%, 15-year bonds dated January 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 are issued at a price of $1,382,579. 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 216) For each semiannual period, complete the table below to calculate the straight-line discount amortization 20 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. Reg 1 Reg 2A to 20 Req3 Reg 4 Reg 5 Prepare the January 1 tournal entry to record the bonds Issuance Required information Reg 1 Req 2A to 20 Reg 3 Req 4 Req5 ed Prepare the January 1 journal entry to record the bonds' Issuance. View transaction list ok Journal entry worksheet int C DIARRA A LA PLATA APARATHA the IRATAREMAN Required information Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 2C Reg 3 Reg 4 Reg 5 For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. (Round your nearest whole dollar) Par (maturity value Annual Rate Semiannual cash Interest payment 2(a) Year Par (maturity) value Bonds price Discount on Bonds Payable Semiannual periods Straight line discount amortization 2(b) Samiannual cash payment Discount amortization Bond Interest expense 20) Required information 2(b) for each semiannual period, complete the table below to calculate the straight-line discount amortization. 2) 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. Reg 1 Reg 2 to 20 Reg 3 Reg 4 Reg 5 Complete the below table to calculate the total bond interest expense to be recognized over the bonds life. Total band interest expense over life of bonds: Amount repaid payments of Par value at maturity Total repaid Loss amount borrowed Total bond interest expense 0 $ 0 ---- Required information UIT. View transaction list Journal entry worksheet Step by Step Solution
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