21 On January 1, Boston Enterprises issues bonds that have a $1,200,000 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? 2. Prepare journal 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 (8) 98 and (b) 102 points cBook Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 How much Interest will Boston pay (in cash) to the bondholders every six months? Semiannual Semiannual Cash Par maturity) Value Interest Payment Rate Required 2 > Sav Required 1 Required 2 Required 3 Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment Interest payment on December 31, View transaction list Journal entry worksheet Required 1 Required 2 Required 3 Prepare the journal entry for issuance assuming the bonds are issued at (a) 98 and (b) 102. View transaction list Journal entry worksheet 1 2 ces Record the issue of bonds at 98. Note: Enter debits before credits Date General Journal Dobit Credit January 01 Record entry Clear entry View general Journal