Ch 10 Ex 10-1 Help Seve &Exlt Subenit rental a Check my Exercise 10-1 Recording bond issuance and interest LO P1 On January 1, 2017, Boston Enterprises issues bonds that have a $1,550,000 par value, mature in 20 years, and pay 7% 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 (aj the issuance of bonds on Jaruary 1, 2017, (b) the first interest payment on June 30, 2017, and (c) the second interest payment on December 31, 2017 2018-10 3. Prepare the journal entry for issuance assurning the bonds are issued at (a) 97 and (b) 103 Complete this question by entering your answers In the tabs below 2018-10- Required L Required 2 Required 3 Prepare sournal entries to record (o) the issusance of honds on 1enuary 1, 2017; (b) the hrst interest payment on June 30, 2017; and (c) the second interest payment on December 31, 2017 4 2018-10. Journal entry worksheet M 2play Prey 10f 1 Next MacBook Air 3 4 on command