Exercise 10-12 Applying

Chapter 10D HW Saved Help Save&Exit Submi Check my work Problem 10-2A Straight-Line: Amortization of bond discount LO P1, P2 Hillside issues $4,000,000 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 $3,456,448 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-ine discount amortization. 2() 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 es Complete this question by entering your answers in the tabs below. Req 5 Req 4 Req 3 Req 2A to 2C Req 1 Prepare the January 1, 2017, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Next > 6 of 7 Prev Chapter 10D HW Saved Help Save&Exit Submi Check my work Problem 10-2A Straight-Line: Amortization of bond discount LO P1, P2 Hillside issues $4,000,000 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 $3,456,448 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-ine discount amortization. 2() 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 es Complete this question by entering your answers in the tabs below. Req 5 Req 4 Req 3 Req 2A to 2C Req 1 Prepare the January 1, 2017, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Next > 6 of 7 Prev