2. A company issues 10 year, 9% bonds with a par value of $500,000 when the market rate was 9.5%, on January 1. The bonds pay interest on July 1 and December 31. The company received $485,000.00 in cash proceeds. Prepare the issuer's journal entries to record: 1. The issuance of the bond and 2. The first interest payment on July 1. The straight line method is used for amortization. Enter answer 3. On January 1, a company issued 10%, 10 year bonds with a par value of $720,000. The bonds were issued for $817,860 cash, which provided the holders an annual yield of 8%. The bonds pay interest on July 1 and December 31. Prepare the journal entries for the: 1. Issuance of the bonds and 2. The first interest payment on July 1. The straight line method is used for amortization. Enter