Exercise 10-3 (Algo) Recording bond issuance and interest LO P1 On January 1, Boston Enterprises issues bonds that have a $1,900,000 par value, mature in 20 years, and pay 6% 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much interest wilt Boston pay (in cash) to the bondholders every six months? Par (maturity) Value Semiannual Semiannual Cash Rate Interest Payment X Required 1 Required 2 > Exercise 10-3 (Algo) Recording bond issuance and interest LO P1 On January 1, Boston Enterprises Issues bonds that have a $1.900.000 par value, mature in 20 years, and pay 6% 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, Complete this question by entering your answers in the tabs below. 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. View transaction list Journal entry worksheet 2 3 Record the issue of bonds at par on January 1. Note Enter debits before credits General Journal Debit Date January 01 Credit Exercise 10-3 (Algo) Recording bond issuance and Interest LO P1 On January 1, Boston Enterprises issues bonds that have a $1,900,000 par value, mature in 20 years, and we interest saman in June 30 and December 31. The bonds are sold at par How much interest will Boston pay on cash) to the bondholders every six monthie? Prepare Journal entries to record () the issuance of bonds on January 1, the first interest payment on June 30, and the second terest payment on December 31 Prepare the journal entry for issuance assuming the bonds are issued of (w)98 and (b) 102 Complete this question by entering your answers in the tabs below. Required 1 Required Required Prepare the Journal entry for Issuance assuming the bonds are ved at () and (b) 102 View transaction List Journal entry worksheet Record the issue of bonds at 98. Note: Enter debits before credits General Journal Debit Date January 01 Credit