Check my wo 5 Exercise 10-3 (Algo) Recording bond issuance and interest LO P1 On January 1. Boston Enterprises issues bonds that have a $2,200,000 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 Boston pay in cash) to the bondholders every six months? 2. Prepare journal entries to record to the issuance of bonds on January 1 (b) the first interest payment on June 30, and (c) the second interest payment on December 31 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 96 and (b) 104 Complete this question by entering your answers in the tabs below. Recured - Required 2 Required How much interest will Boston pay in Cath) to the bondholders every se months Par maturity Value Semiannual Rate Senslannual Cash Interest Payment Required 2) Journal entry worksheet Record the issue of bonds at par on January 1. Note: Enter debits before credits: General Journal Debit Date January 01 Credit Renato Clementy Val Journal entry worksheet Journal entry worksheet 2 Record the interest payment on December 31. Note: Enter debts before credits: General Joumal Date December 31 Debit Credit Reconente Donal Journal entry worksheet 2 Record the issue of bonds at 96. DOOR Note: Enter debits before credits General Journal Debit Credit Date January 01 Record entry Clear entry View general Journal View transact 5 Journal entry worksheet Onts Record the issue of bonds at 104. Book Note: Enter debits before credits General Journal Debit Credit Date January 01 Record entry Clear entry View general Journal