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#3. Issuance the bond at a. 98 and b. 102 Check my work On January 1, 2017, Boston Enterprises issues bonds that have a $3,400,000

#3. Issuance the bond at a. 98 and b. 102 image text in transcribed
Check my work On January 1, 2017, Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 20 years, and pay 9% interest semlannually 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 (e) the Issuance of bonds on January 1, 2017: (b) the first interest payment on June 30, 2017; and (c) 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 98 and (b) 102 Complete this questlon by entering your answers in the tabs below. Prepare the journal entry for issuance assuming the bonds are issued at (a) 98 and (b) 102. Journal entry worksheet Record the issue of bonds at 98. Prev 1 of 21 ?? Next >

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