Week 9 Problems Help Save&Exit Saved Problem 10-3A Straight-Line: Amortization of bond premium LO P1, P3 Hillside issues $2,600,000 of 5%, 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 $3,182,390 Required 1. Prepare the January 1, 2018, 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. Complete this question by entering your answers in the tabs below. Req 1Req 2A to 2C Req 3 Req 4 Req 5 Prepare the January 1, 2018, journal entry to record the bonds' issuance View transaction list Journal entry worksheet Record the issue of bonds with a par value of $2,600,000 cash on January 1, 2018 at an issue price of $3,182,390. Note: Enter debits before credits. Saved Week 9 Problems Req 4 Req 5 Req 1 Req 2A to 2C Req 3 Prepare the January 1, 2018, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $2,600,000 cash on January 1, 2018 at an issue price of $3,182,390. Note: Enter debits before credits Debit General Journal Credit Jan 01, 2018 Record entry Clear entry View general journal Req 2A to 2C > Prev 1 of 2 Next > Complete this question by entering your answers in the tabs below. Req 1Req 2A to 2CReq 3 Req 4 Req 5 For each semiannual period, complete the table below to calculate the cash payment, straight-line premium amortization expense (Round Unamortized premium to whole dollar and use the rounded value for part 4 a s) Par (maturity) valueAnnual Rate Semiannual cash interest payment Year Par (maturity Premium on Straight-line premiunm Bond price Semiannual periods able Bond interest Semiannual c Premium amortization K Req 1 Req3 > Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 2CReg 3 Req 4 Req 5 complete the below table to calculate the total bond interest expense to be recognized o over the bonds life Total bond interest ex over life of bonds: Amount repaid payments of Par value at maturity Total repaid Less amount borrowed otal erest expense