Question: help Chapter 14 Probiem Solving Home Problem Solving Homework Saved Help Hillside issues $2.8000 of 8% 15-year bonds dated January 1, 2017, that pay interest
Chapter 14 Probiem Solving Home Problem Solving Homework Saved Help Hillside issues $2.8000 of 8% 15-year bonds dated January 1, 2017, that pay interest se The bonds are issued at a price of $2,419,512 annually on June 30 and December 3. 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-line discount 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 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, 2017, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $2,800,000 cash on January 1, 2017 at an issue price of $2,419,512 Note: Enter debits before credits pG-Star RAWR Chapter 14-Problem Solving Homework Chapter 14-Problem Solving Homework Saved Help Sa 6 Hillside issues $2.800,000 of 8% 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 $2,419,512 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(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 10 points Skipped eBook Complete this question by entering your answers in the tabs below. References Req1 Req t 2C Reg 3 Reg 4 Req 5 For each semiannlte the table below to calculate the cash Req 2Ato2C the table below to calculate the cash payment, straight-line discount amortization and bond interest expense. Par (maturity) value Annual Rate Year Semiannual cash interest payment Par Imaturily) value Bonds price periods Bond Interest expense Prev7 Next Chapter 14 Problem Solving Homework apter 14-Problem Solving Homework Saved Help 6 Hillside issues $2,8000 of 8%, 15 yea bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $2,419,512. 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 oints Sipped 2(b) For each semiannual period, complete the table below to calculate the straight-ine discount amortization 2ic) 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. 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 eBook Complete this question by entering your answers in the tabs below. References Req 1 Req 2A to 2Re 4 Req s the below table to calculate the total bond interest expense to be re cognized over the bonds' life. Amount repaid Par value at maturity Total repaid payments of C Req 2A te 20 Req 4
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