I-Bar Co. sold bonds on January 1, 2012. The bonds pay interest on January 1 and July 1 and I-Bar. Data relating to these bonds are as follows: 5 3 Face $ 100,000 7 Stated Rate Effective Rate 8% 10% Issued at B 9 Instructions: 10 1 a) Calculate the Semi Annual Bond Interest Rates b) Calculate the Cash Received from the Bond Sale 12 Annual Semi-Annual 13 Stated Rate 14 Effective Rate 15 Cash Received 16 17 c) Prepare the journal entry to record the issuance of the bonds on January 1, 2012 18 19 01/01/12 20 22222222222 d) Calculate the Semi-Annual Interest Payment 24 25 26 27 Interest to be Paid 28 92.278%