est is paid William Arms Company issued $900,000 of 8%, 5-year bond at a price of 102, Inter semiannually, and the straight-line method is used for amortization. Instructions: 1. What amount was received for the bond? Give the journal entry for the issuance. 2. How much cash interest is paid each semiannual interest period? 3. Give the semiannual journal entry to recognize the cash payment for interest, the bond interest expepse, and the debit/credit for amortizing the discount/premium on the bond payable