On January

$1$

$,$

$2$

$0$

$2$

$1$

$,$

$$Walpole Enterprises issues bonds that have a $

$3$

$,$

$4$

$0$

$0$

$,$

$0$

$0$

$0$

$$par value, mature in

$2$

$0$

$$years$,$ and an annual interest rate of

$9$

$\%$

$.$

The bonds pay interest semiannually on June

$3$

$0$

$$and December

$3$

$1$

$.$

$$The bonds are sold at par.

How much interest will Walpole pay

$($

in cash

$)$

$$to the bondholders every six months?

Prepare joumal entries to record

$($

a

$)$

$$the issuance of bonds on January

$1$

$,$

$2$

$0$

$2$

$1$

;

$($

b

$)$

$$the first interest payment on June

$3$

$0$

$,$

$2$

$0$

$2$

$1$

;

and

$($

c

$)$

$$the second interest payment on December

$3$

$1$

$,$

$2$

$0$

$2$

$1$

$.$