14-3 help

Exercise 14-3 (Algo) Recording bond issuance and interest LO P1 On January 1, Boston Enterprises issues bonds that have a $1,650,000 par value, mature in 20 years, and pay 10% interest semiannually on June 30 and December 31 . The bonds are sold at par: 1. How much interest will the issuer pay (in cash) to the bondhoiders every six months? 2. Prepare joumal entries to record (a) the issuance of bonds on January 1 , (b) 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 (a)95 and (b) 105. Complete this question by entering your answers in the tabs below. How much interest will the issuer pay (in cash) to the bondholders every six months? Prepare journal entries to record (a) the issuance of bonds on January 1,(b) the first interes interest payment on December 31. Journal entry worksheet Record the issue of bonds at par on January 1. Note: Enter debits before credits. Prepare journal entries to record (a) the issuance of bonds on January 1,(b) th interest payment on December 31. Journal entry worksheet Record the interest payment on June 30 . Note: Enter debits before credits. Prepare journal entries to record (a) the issuance of bonds on January 1 , interest payment on December 31. Journal entry worksheet Record the interest payment on December 31. Note: Enter debits before credits. repare the journal entry for issuance assuming the bonds are issued at (a) 95 Journal entry worksheet Record the issue of bonds at 95 . Note: Enter debits before credits. Prepare the journal entry for issuance assuming the bonds are issued at (a) Journal entry worksheet Record the issue of bonds at 105. Note: Enter debits before credits