Application Problem 10-5A a, c-d (Part Level Submission) Sawada Insurance Ltd. issues bonds with a face value of $100 million that mature in 12 years. The bonds carry a 6.6 % interest rate and are sold at 109.57 to yield 5.5 %. They pay interest semi-annually (a) Your answer is correct. Calculate the proceeds on issuance of the bonds, and show the journal entry to record the issuance (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) 1095700 Proceeds on Issuance of the Bonds Account Titles and Explanation Debit Credit Cash 1095700 1095700 Notes Payable SHOW LIST OF ACCOUNTS [LINK TO TE LINK TO TEXT Attempts: 1 of 2 used (c) (d) Show the journal entries to record the first two interest payments on these bonds. Ignore year-end accruals of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 125.) Account Titles and Explanation Debit Credit (To record first interest payment) (To record second interest payment)