Braeburn issues $1,600,000 of 8%, 15-year bonds dated January 1, 2009, thats pay interest semiannually on June 30 and December 31.

Requirement 1:

Assume that the bonds are issued at a price of $1,382,400.

(1) Prepare the January 1, 2009, journal entry to record the bonds' issuance. (Omit the "$" sign in your response.)

(2) For each semiannual period, compute the following (Round your answers to the nearest dollar amount. Omit the "$" sign in your response):

Cash payment

Straight-line discount amortization $

Bond interest expense

(3)Determine the total bond interest expense to be recognized over the bonds' life. (Omit the "$" sign in your response.) Total bond interest expense $