4) On March 1, 20A, Homer Inc. sold $250,000 of 10 year, 9% bonds at par. They received cash plus any accrued interest. The bonds were dated January 1, 20A, and interest is to be paid on June 30, and December 31.

Required:

What is the amount of interest that will be paid to the bondholders on a monthly basis?

What is the amount of the accrued interest the bondholders will be Required to pay when they purchase the bonds?

Give the journal entry to record the sale of the bonds on March 1, 20A.

Give the journal entry to record the first semiannual interest payment on June 30, 20A, including the amortization of any premium or discount.

Give the journal entry to record the second semiannual interest payment on December 31, 20A, including the amortization of any premium or discount.

What is the amount of bond interest expense that will be recorded for 20A assuming the fiscal year ends December 31.