Exercise 9-11 (Algorithmic) Interest Payments and interest Expense for Bord (Straight Line) On January 1, 2030, Harrington Corporation cold 90,000 of 15 year 11% bonds. The bonds sold for $94.000 and pay trest smannually on June 30 and December Required: 1. Prepare the Journal entry to record the sale of the bonds 94.000 Discount on fonts Payable 4.000 Bonds Payable 90,000 Wecondance of bonds at discount 2020 Jan. Cash When bondatud any medicount has costed in a separate valuation account 2. Calculate the amount of the cash semiannual interest payment. Round your answer to the nearest whole dollar, required 4,950 X 2 When calculatingere consider the principal, the area interest rate and the time period a. Prepare the entry at June 30, 2020, to recognize the payment of interest and interest expense. Hound your answers to the nearest whole dollar, if required 3. Prepare the entry at June 30, 2020, to recognize the payment of interest and interest expense Hound your answers to the nearest whole of required. 2020 e 30 Talarest Expense S.OS X Cash 6,950 X Discount on donds Payable Record interest expense Ch 3 Wonde wodanym dacount in recorded in parte volte con 4. Calculate the annual interest expense for 2020. Round your answer to the nearest whole dollar, if required 10,167 X che Aired to spese over thee of the bond Partially correc