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On January 1, 2015, Boston Enterprises issues bonds that have a $2,200,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months? Par (maturity) Value Semiannual Rate Semiannual Cash Interest Payment 2. Prepare journal entries to record (a) the issuance of bonds on January 1, 2015; (b) the first interest payment on June 30, 2015; and (c) the second interest payment on December 31, 2015. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $2,200,000 at 96 cash on January 1, 2015. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01, 2015 Record entry View general journal Clear entry