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Hillside issues $1,800,000 of7%, 1 year bonds dated January , 20t, that pay rte est...

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Accounting

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Hillside issues $1,800,000 of7%, 1 year bonds dated January , 20t, that pay rte est le The bonds are Issued at a price of $1,555,401. an ui June 30 r be ember r. 1. Prepare the January 1, 2017, 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 perlod, complete the table below to calculate the straight-line discount 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' lIife. 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. Req1 Req 2A to 2C Req3 Req 4 Req 5 Prepare the January 1, 2017, journal entry to record the bonds' issuance. Journal entry worksheet Record the issue of bonds with a par value of $1,800,000 cash on January 1, 2017 at an issue price of $1,555,401 Prev 1 2 Next> acBook 888 .. 3 5 8 W E

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