1. Record the first interest payment on June 30th, 2018

2. Record the second interest payment on December 31, 2018.

3. Record the issue of bonds with a par value of $1,200,000 cash on January 1, 2018, at an issued price of $1,468,794

Problem 10-3A Straight-Line: Amortization of bond premium LO P1, P3 Hillside issues $1,200,000 of 8%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,468,794 Required 1. Prepare the January 1, 2018, 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