Chec

On January $1,$ Renewable Energy issues bonds that have a $$26,000$ par value, mature in ten years, and pay $18\%$ interest semiannually on June $30$ and December $31.$

Prepare the journal entry for issuance assuming the bonds are issued at

$($a$)99$ and

$($b$)103\frac{1}{2}.$

How much interest does the company pay $($in cash$)$ to its bondholders every six months if the bonds are sold at par?

Complete this question by entering your answers in the tabs below.

Prepare the journal entry for issuance assuming the bonds are issued at $($a$)99$ and $($b$)103\frac{1}{2}.$

Journal entry worksheet

$1$

$2$

Record the issuance for bond at $99.$

Note: Enter debits before credits.

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