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Exercise 10-3 Recording bond issuance and interest LO P1 Here On January 1, Sedalia Enterprises issues bonds that have a $2,200.000 par value, mature in 20 years, and pay interest semiannually on June 30 and December 31. The bonds are sold at pat 1. How much interest wil Sedalia pay in cash to the bondholders every six months? 2. Prepare journal entries to record(a) the issuance of bonds on January 1, the first interest payment on June 30, and (c) the second Interest payment on December 31 3. Prepare the journal entry for issuance assuming the bonds are issued at ga) 96 and (b) 104. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much interest will Boston pay (in cash) to the bondholders every six months? Semiannual Somiannual Cash Par maturity Value Rate Interest Payment Required 2 >