Ch 10 Ex 10-1 6 Saved Help Save & Exit Submit Check my work Exercise 10-1 Recording bond issuance and interest LO P1 13 DoInts On January 1, 2017, Boston Enterprises issues bonds that have a $1,250,000 par value, mature in 20 years, and pay 6% interest semiannually 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 (a) the issuance of bonds on January 1, 2017, the second interest payment on December 31, 2017 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 95 and (b) 105. eBook Hint Ask Print References (b) the first interest payment on June 30, 2017, and (c) Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Prepare journal entries to record (a) the issuance of bonds on January 1, 2017; (b) the first interest payment on June 30 2017: and (c) the second interest payment on December 31, 2017 View transaction list View journal entry worksheet Debit 1,250.000 No Date General Journal Credit 1 Jan 01. 2017 Cash Mc Graw Prey 1 of 1 Next