J&J Corporation issued $3.000.000 of 5%. 10-year bonds payable at par value on January 1. Interest is payable each June 30 and December 31. Prepare the general journal entry to record the issuance of the bonds on January 1. Prepare the general journal entry to record the first interest payment on June 30. A company issued 8%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate on the issue date was 10%. and the issuer received $95, 016 cash for the bonds. On the first semiannual interest date, what amount of cash should be paid to the holders of these bonds for interest? You must show how you calculated this number to receive credit