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Hillside Issues $2100,000 of 5%%, 15-year bonds dated January 1, 2019. that pay Interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,570,390. Required: 1. Prepare the January 1 journal entry to record the bonds' Issuance. 2(a) For each semiannual perlod, complete the table below to calculate the cash payment. 2(b) For each semiannual perlod, complete the table below to calculate the straight-line premium amortization. 2(c) For each semiannual perlod, 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 Req 2A to 2C Req Reg 4 Reg 5 Prepare the journal entries to record the first two interest payments. (Round your final answers to the nearest whole dollar amount.) View transaction lat Journal entry worksheet 2 Record the first interest payment on June 30. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general journal < Req 4 Req 5 >

Hillside Issues $2100.000 of 5%, 15-year bonds dated January 1, 2019. that pay Interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,570,390. Required: 1. Prepare the January 1 journal entry to record the bonds' Issuance. 2/a) For each semiannual perlod, complete the table below to calculate the cash payment. 2(b) For each semiannual perlod, complete the table below to calculate the straight-line premium amortization. 2(c) For each semiannual perlod, 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 Req 2A to 2C Req 3 Reg 4 Reg 5 Prepare the first two years of a straight-line amortization table. (Round your final answers to the nearest whole dollar amount.) Semiannual Period- Unamortized End Premium Carrying Value 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 < Req 3 Req 5 >

Hillside Issues $2100.000 of 5%%. 15-year bonds dated January 1, 2019. that pay Interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,570,390. Required: 1. Prepare the January 1 journal entry to record the bonds' Issuance. 2/a) For each semiannual perlod, complete the table below to calculate the cash payment 2(b) For each semiannual perlod, complete the table below to calculate the straight-line premium amortization. 2(c) For each semiannual perlod, 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 Req 2A to 2C Req 3 Reg 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: payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense < Req 2A to 2C Req 4 >

Hillside Issues $2100.000 of 5%, 15-year bonds dated January 1, 2019. that pay Interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,570,390. Required: 1. Prepare the January 1 journal entry to record the bonds' Issuance. 2(8) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual perlod, complete the table below to calculate the straight-line premium amortization. 2(c) For each semiannual perlod, 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 Req 2A to 2C Req 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 "Unamortized Premium" to whole dollar and use the rounded value for part 4 & 5.) Show less A Par (maturity) value Annual Rate Year Semiannual cash interest payment Bond price Par (maturity Premium on Bonds Payable Semiannual periods Straight-line premium value amortization = = Semiannual cash Premium Bond interest payment amortization expense = < Req 1 Req 3 >

Hillside Issues $2100.000 of 5%, 15-year bonds dated January 1, 2019. that pay Interest semiannually on June 30 and December 31. The bonds are Issued at a price of $2,570,390. Required: 1. Prepare the January 1 Journal entry to record the bonds' Issuance. 2ja) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual perlod, complete the table below to calculate the straight-line premium amortization. 2(c) For each semiannual perlod, 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. Req 1 Req 2A to 2C Req 3 Req 4 Req 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction Mat Journal entry worksheet Record the issue of bonds with a par value of $2,100,000 cash on January 1, 2019 at an issue price of $2,570,390. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal < Req 1 Req 2A to 2C >

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Subject: Accounting, Business
Hillside Issues $2100.000 of 5%, 15-year bonds dated January 1, 2019. that pay Interest semiannually on June 30 and December 31. The bonds are Issued...
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