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Business, 04.08.2020 16:01 alyssatamayo641

Hillside issues $2,000,000 of 6%, 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 $2,447,990.Required:a. Prepare the January 1, 2013, journal entry to record the bonds issuance. b. Prepare the first two years of an amortization table using the straight-line method. c. Prepare the journal entries to record the first two interest payments.

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