which Answer is not complete??
Check my work mode: This shows what is correct or incorrect for the wo 2 Hillside issues $1,500,000 of 6%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $1,835,994 Required 1. Prepare the January 1, 2017, 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 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 5. Prepare the journal entries to record the first two interest payments 5 points Answer is not complete. Complete this question by entering your answers in the tabs below Req 1 Req 2A to 2C Req 4 Req 5 Prepare the January 1, 2017, journal entry to record the bonds' issuance No Date General Journal Debit Credit Jan 01, 2017 Cash 1,835,994 Premium on bonds payable Bonds payable 335,994 1,500,000 Req 1 Req 2A to 2C 2 Hillside issues $1,500,000 of 6%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,835,994 Required 1. Prepare the January 1, 2017, 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. 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 5. Prepare the journal entries to record the first two interest payments. points Answer is not complete Complete this question by entering your answers in the tabs below eq Req 2A to 2C eq Req 4 For each semiannual period, complete the table below to calculate the cash payment, straight-line premium amortization and bond interest expense. (Round "Unamortized Premium" to whole dollar and use the rounded value for part 4 & 5.) Par (maturi iannual cash ent Annual Rate Year value interest $1,500,000x E $ 45,000 6% 6/12 tra premium um on ne Par (maturity value) Semiannual periods Bond price Bonds able amortization $ 1,835,9941,500,000335,994 30 11,200 Premium amortization annua cash payment expense 5,00011,200 33,800 Req 1 Req3> 2 Hillside issues $1,500,000 of 6%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $1,835,994 Required 1. Prepare the January 1, 2017, 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. 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 5. Prepare the journal entries to record the first two interest payments. 5 points Answer is not complete Complete this question by entering your answers in the tabs below Req 1 Req 2A to 2C Req 3 Req 4 Req 5 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 30 payments of $ 45,000s 1,350,000 1,500,000 2,850,000 Par value at maturity Total repaid Less amount borrowed 1,835,994 tal bond interest expense $ 1,014,006 Req 2A to 2C Req4 > Check my work mode : This shows what is correct or incorrect for the wo 2 Hillside issues $1,500,000 of 6%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,835,994 Requirecd 1. Prepare the January 1, 2017, 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. 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 5. Prepare the journal entries to record the first two interest payments points Answer is not complete Complete this question by entering your answers in the tabs below Req 1 Req 2A to 2c Req 3 Req 4 Req 5 Prepare the first two years of an amortization table using the straight-line method Carrying Semlannual Perlod-End 01/01/2017 06/30/2017 12/31/2017 06/30/2018 12/31/2018 namortize Premlum Value $ 335,9941,835,994 ,7941,824,794 313594 1,813,594 02,394 1,802,394 194 1,791.194 K Req 3 Req5 > Check my work mode : This shows what is correct or incorrect for the work y 2 Hillside issues $1,500,000 of 6%, 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31, The bonds are issued at a price of $1,835,994 Required 1. Prepare the January 1, 2017, 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. 2(c) For each semiannual period, complete the table below to calculate the bond interest epense 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 5. Prepare the journal entries to record the first two interest payments. 5 points Answer is not complete Complete this question by entering your answers in the tabs below Req 1 Req 2A to 2C Req 3 Req 4 Req 5 Prepare the journal entries to record the first two interest payments No Date General Journal Debit 33,800 11.200 Credit Jun 30, 2017 Bond interest expense Premium on bonds payable Cash 45,000 33,800 11,200 Dec 31, 2017 Bond interest expense Premium on bonds payable Cash 45,000 K Req 4 Req 5
