Problem 14-2A Questions 1-5 (Skip 4) and Problems 14-3A 1-2

14-3A questions 3-5 (Skip 4)

14-2A 1-5 answer sheet

14-3A 1-5 answer sheet

2. The ma date of issuance is 12%. 3. The market rate at the 3 Discount, $4.588 14-2A Hillside issues of 6%, 15-year bonds dated January 1, 2015, that pay interest semiannually Problem on June 30 and December 31. The bonds are issued at a price of S3,456,448. Line: Amortization of bond discount Required journal entry to record the bonds' issuance. Prepare the January 1.2015, Check $4.143.552 and (c) the bond interest expense. bonds' life. method. 3. Determine the total bond interest expense to be recognized over the using the straight-line Prepare the first two years of an table Exhibit 14,7 5. Prepare the journal entries to record the first two interest payments. 1231/2016 carrying value, sa 628,920 Refer to the bond details in Problem 14-2A, except assume that the bonds are issued at a price ofst,895,980. Problem 14-3A Straight Line: Amortization of bond premium Required journal entry to record the bonds' issuance. amortiza P1 P3 1. Prepare the January 1, 2015, payment, (b) the straight-line premium te (a the cash 2. For each bond interest expense. tion, and (c) the (continued on next page]