5 On January 1, Renewable Energy Issues bonds that have a $28,000 par value, mature in eight years, and pay 13% interest semiannually on June 30 and December 31 1. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (6) 103%. 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 No Prepare the journal entry for issuance assuming the bonds are issued at () 99 and (b) 1039. Date General Journal Debit Jan 01 Cash 27,720 Discount on bonds payable 280 Bonds payable Credit 1 OOO 28,000 2 Jan 01 28,840 X Cash Premium on bonds payable Bonds payable OO 840 28,000 Recured Required 2 >