Heathrow issues 2000000 of 6 15-year bonds dated january 1

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Heathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,447,990. Prepare the January 1, 2011, journal entry to record the bonds' issuance For each semiannual period, compute the cash payment For each semiannual period, compute the the straight-line premium amortization. For each semiannual period, compute the the bond interest expense Determine the total bond interest expense to be recognized over the bonds' life Prepare the first two years of an amortization table using the straight-line method Prepare the journal entries to record the first two interest payments June 30 Dec. 31.

Reference no: EM13613061

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