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8. value 10.00 points On January 1, 2011, Kidman Enterprises issues bonds that have a $1,450,000 par value, mature in 20 years, and pay 9%

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8. value 10.00 points On January 1, 2011, Kidman Enterprises issues bonds that have a $1,450,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Kidman pay (in cash) to the bondholders every six months? (Do not round intermediate calculations. Omit the "S" sign in your response.) Semiannual cash interest payment 2. Prepare journal entries for the following. (a)The issuance of bonds on January 1, 2011. (Omit the "$" sign in your response.) Debit Credit Date Jan 1, 2011 General Journal (Click to select) (Click to select) (b) The first interest payment on June 30, 2011. (Do not round intermediate calculations. Omit the "S" sign in your response.) Debit Credit Date June 30, 2011 General Journal (Click to select) (Click to select) (c) The second interest payment on December 31, 2011. (Do not round intermediate calculations. Omit the "$" sign in your response.) Debit Credit Date Dec. 31, 2011 General Journal (Click to select) (Click to select) 3. Prepare the journal entry for issuance of bonds assuming. (a) The bonds are issued at 95. (Omit the "S" sign in your response.) Debit Credit Date Jan. 1, 2011 General Journal (Click to select) (Click to select) (Click to select) (b) The bonds are issued at 105. (Omit the "S" sign in your response.) Debit Credit Date Jan 1, 2011 General Journal (Click to select) (Click to select) (Click to select)

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