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Problem 10-3A Straight-Line: Amortization of bond premium LO P1, P3 Hillside issues $1,100,000 of 9% 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,346,395 Required: 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 period, complete the table below to calculate the straight-ine 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 Req 1 Req 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 and expense. (Round "Unamortized Premium" to whole dollar and use the rounded value for part 4 & 5.) Semiannual cash interest payment ar (maturity) value Annual Rate Year 1,100,00 49,500 Par (maturity value) Premium on Bonds Payable Straight-line premium Semiannual periods Bond price amortization $1,100,000 246,395 8,213 1,346,395 Premium amortization Bond interest Semiannual cash payment 10,120 8,213 18,333 Req1 Req3 >

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