Question: why is this wrong? Required information The following information applies to the questions displayed below. Hillside issues $2,600,000 of 5%, 15-year bonds dated January 1,

why is this wrong?
why is this wrong? Required information The following information applies to the
questions displayed below. Hillside issues $2,600,000 of 5%, 15-year bonds dated January

Required information The following information applies to the questions displayed below. Hillside issues $2,600,000 of 5%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 an December 31 The bonds are issued at a price of $2,246,690. Required: 1. Prepare the January 1journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment 2(6) For each semiannual period, complete the table below to calculate the straight-line discount amortization 21 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 a straight-line amortization table 5. Prepare the journal entries to record the first two interest payments. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the first two years of a straight-line amortization table. (Round your intermediate and final answers to the nearest whole dollar.) Semiannual Unamortized Carrying Period-End Discount Value 01/01/2021 s 353,310 $ 2.246,690 06/30/2021 365,087 % 2,258,467 12/31/2021 11.777 X 2,270,244 06/30/2022 11.777 X 2,282,021 12/31/2022 11.777 X 2.293,798

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