Exercise 10.3 (Algo) Recording bond issuance and interest LO P1 On January 1, Boston Enterprises issues bonds that have a $2,050,000 par value, mature in 20 years, and pay 8% interest semiannually on June 30 and December 31 , The bonds are sold at par. 1. How much interest will the issuer pay (in cash) to the bondhoiders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1,(b) the first interest psyment on June 30 , and (c) the seconc interest payment on December 31 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 95 and (b) 105 Complete this question by entering your answers in the tabs below. Prepare the joumal entry for issuance assuming the bonds are issued at (a) 95 and (b) 105