O |newconnect.rnheducation.com/flow/connect.html Chapter 14 Discount Bonds Saved 3 Problem 14-2A Straight-Line: Amortization of bond discount LO P1, P2 Hillside Issues $1,400,000 of 5%, 15-year bonds dated January 1, 2017, that pay interest The bonds are Issued at a price of $1,209,757 33.34 annually on June 30 and December 31 e points Required 1. Prepare the January 1, 2017, Journal entry to record the bonds Issuance 2(a) For each semlannual period, complete the table below to calculate the cash payment. 2(b) For each semlannual period, complete the table below to calculate the stralght-line discount amortization. eBook Print References2(c) For each semlannual 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 4 Req 5 Req 1 Req 2A to 2C Req 3 Prepare the January 1, 2017, journal entry to record the bonds' issuance. View transaction list