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C ? Secure! https://newconnect.mheducation.com/flow/connect.html bers/Fan OniliubBlog terests Solera Bak/Car DgMessages for web Other bookmarks CHAPTER 10 Saved HelpSave & Exit Submit 2 Check my work Hillside issues $2,000,000 of 6%, 15-ye December 31. The bonds are issued at a price of $1.728.224 ar bonds dated January 1, 2017, that pay interest semiannually on June 30 and 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-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' 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. 10 points eBook Print References 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, 2017, journal entry to record the bonds' issuance View transaction list Journal entry worksheet Mc Hill 6 1:33

Explanation / Answer

Solution 1:

Solution 2a, b and c:

Solution 3:

Solution 4:

Solution 5:

Solution 5:

Journal Entries - Hillside Date Particulars Debit Credit 1-Jan-17 Cash A/c Dr $1,728,224.00 Discount on bond payable $271,776.00       To bonds payable $2,000,000.00 (Being bond issued at discount)

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