December $31$

Problem $10-1$A $($Algo$)$ Straight$-$Line: Amortization of bond discount LO P$2$

The bonds are issued at a price of $$1,641,812.$

Required:

Prepare the January $1$ journal entry to record the bonds' issuance

$2(d)$ For each semiannual period, complete the table below to calculate the cash payment

$2($c$)$ For each semiannual period, complete the the table below to calculate the straight$-$line discount amortization

Complete the below table to calculate the totale below to calculate the bond interest expense

Prepare the first two years of a straight$-$line amortization table

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 $2C$

For each semiannual period, compute $($a$)$ the cash payment, $($b$)$ the straight$-$line discount amortization, and $($c$)$ the bond interest expense

Note: Round your final answers to the nearest whole dollar.