1-4 Done already:___________________________________________________________________________________________________________________________________________

NO EXPLANATION NEEDED, please, just solve everything, would be greatly appreciated (thumbs up)! :) Problem 14-1A Straight-Line: Amortization of bond discount LO P2 Hillside issues $2,800,000 of 8%, 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 $2,419,512. only #5 Required: Prepare the January 1 journal entry to record the bonds' issuance. (a) For each semiannual period, complete the table below to calculate the cash payment. (b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. (C) For each semiannual period, complete the table below to calculate the bond interest expense. . Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Prepare the first two years of a straight-line amortization table. 5. Prepare the journal entries to record the first two interest payments. i No Credit 1 Date General Journal Jan 1, 2019 Cash Discount on bonds payable Bonds Payable Debit 2,419,512 380,488 2,800,000 Par (maturity) 2(a) value 2,800,000 Annual Rate Year 6/12 Semiannual cash interest payment 112,000 X 8% Dis. Par (maturity) 2(b) value 2,800,000 Semiannual periods Bonds Price Amortization 380,488 - Straight-line discount amortization 12,683 2,419,512 = 30 = Semiannual 2(c) cash payment 112,000 Dis. Amortization 12,683 Bond interest expense 124,683 = 112,000 3 Amount repaid: 30 Payment of Par vale at maturity Total repaid Less amount borrowed Total bond interest expense 3,360,000 2,800,000 6,160,000 (2,419,512) 3,740,488 carrying Value Semiannual 4 Period-End Jan 1, 2019 June 30, 2019 Dec 31, 2019 June 30, 2020 Dec 31, 2020 Unamortized Discount 380,488 367,805 355,122 342.439 329,756 2,419,512 2,432,195 2,444,878 2,457,561 2,470.244