Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the journal entry for issuance assuming the bonds are issued at (a) 98 and (b) 102. No General Journal Debit Credit Date January 01 1 Accounts payable Discount on bonds payable Lease liability 3,332,000 68,000 3,400,000 2 January 01 3,468,000 Accumulated depreciation Premium on bonds payable Lease liability XOX 68,000 3,400,000 h O Q Required 1 Required 2 Required 3 Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c the second interest payment on December 31. No Date General Journal Debit Credit 1 January 01 3,400,000 Accounts payable Lease liability 3,400,000 2 June 30 102,000 Bond interest expense Common stock 102,000 X 3 December 31 102,000 Bond interest expense Contributed capital in excess of par value 102,000 X search O Help Save & E Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return On January 1, Boston Enterprises issues bonds that have a $3,400,000 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 (a) 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) 98 and (b) 102. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below! : Required 1 Required 2 Required 3 Prepare the journal entry for issuance assuming the bonds are issued at (a) 98 and (b) 102. No Date General Journal Credit 1 January 01 Accounts payable Discount on bonds payable Debit 3.332.000 68.000 ORA