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16 Hillside issues $1,400,000 of 5%, 15 year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $1.209.757 52 points 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(b) For each semiannual period, complete the table below to calculate the straight line discount amortization 2) 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 Book AR Complete this question by entering your answers in the tabs below. P Rea 1 Reg 2A to 20 Req Reg4 Req5 References For each semiannual period, compute(a) the cash payment, (b) the straight-line discount amortization, and the band interest expense 2001 Par maturity value Annual Role 5% Semiannual cash Interest payment 12 210) Par (maturity value Bonds price Discount on Bonds Payable Semiannual periods Straight-line discount amortization 210) Semiannual cash payment Discount amortization Bond interest expense

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