Help Save & Exit Submit N Check my work Problem 10-3A Straight-Line: Amortization of bond premium LO P1, P3 8.5 points Hillside issues $3,000,000 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 $3,671.990. eBook 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 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. Ask to un Print Complete this question by entering your answers in the tabs below. References Real Req1 Req2A w 2c Reg 3 093 Rega Reg4 Rus Reys 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 $3,000,000 cash on January 1, 2017 at an issue price of $3,671.990 Note: Enter debits before credits Debit Credit General Journal Date Jan 01, 2017 | Vlew general journal Clear entry Record entry Chapter 10 Homework Saved Help Save & Exit Submit INVOI Koch Check my work Problem 10-3A Straight-Line: Amortization of bond premium LO P1, P3 8.5 points Hillside issues $3,000,000 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 $3,671,990. eBook 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 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. Ask Print Complete this question by entering your answers in the tabs below. References Reg 1 Reg 2A to 20 I Req3 Req4 Req5 For each semiannual period, complete the table below to calculate the cash payment, straight-line premium amortization and bond interest expense. (Round "Unamortized Premium" to whole dollar and use the rounded value for part 4 & 5.) Semiannual cash interest payment Par (maturity) value Annual Rate Year Par (maturity value) Premium on Bonds Payable Semiannual periods Bond price Straight-line premium amortization Semiannual cash payment Premium amortization Bond interest expense Req3 > Req1 Seved Help Save & Exit Submit Check my work Problem 10-3A Straight-Line: Amortization of bond premium LO P1, P3 8.5 points Hillside issues $3,000,000 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 $3,671,990. eBook 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 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. Ask Print Complete this question by entering your answers in the tabs below. References Req! Reg 2A to 2C Req3 Roq3 Roqs Roq4 Complete the below table to calculate the total bond interest expense to be recognized over the boods' life. Total bond Interest expense over life of bonds: Amount repaid: payments of i Par value at maturity Total repaid Less amount borrowed Total bond Interest expense Reg 4 > Help Save & Exit Submit Check my work Problem 10-3A Straight-Line: Amortization of bond premium LO P1, P3 8.5 Hillside issues $3,000,000 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 $3,671,990. points Na ovo eBook 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 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. Ask Print Complete this question by entering your answers in the tabs below. References Reg! Req2A to 2C Rega Reg4 Reg 5 Prepare the journal entries to record the first two interest payments View transaction list Journal entry worksheet Record the first interest payment on June 30, 2017. Ne mer det before cred. General Journal Debit Credit Date Jun 30, 2017 | View general journal Clear entry Record entry Reg4