Question: Prepare the first two years of an amortization table using the straight-line method Hillside issues $1,800,000 of 7%, 15-year bonds dated January 1, 2018, that

Prepare the first two years of an amortization table using the straight-line method

Hillside issues $1,800,000 of 7%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,203,194.

Required:

1. Prepare the first two years of an amortization table using the straight-line method

2. Prepare the journal entries to record the first two interest payments.

Semiannual Period-End	Unamortized Premium	Carrying Value
01/01/2018
06/30/2018
12/31/2018
06/30/2019
12/31/2019

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