On January 1, 2015, Boston Enterprises issues bonds that have a $1,450,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par.

Par Value = 1,450,000 _ Semiannual Rate = 4.5% and Semiannual cash interest pymt is $65,250

Prepare the journal entry for issuance assuming the bonds are issued at (a) 95 and (b) 105.