Business, 19.02.2021 16:20, madisonenglishp2qkow

Hillside issues $1,600,000 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 $1,382,579. Required:
a. Prepare the January 1, 2017, journal entry to record the bonds' issuance.
b. Prepare the journal entries to record the first two interest payments.

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Hillside issues $1,600,000 of 9%, 15-year bonds dated January 1, 2017, that pay interest semiannuall...