On January 1, Boston Enterprises issues bonds that have a $2,200,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par 1. How much interest will the issuer pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31. 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 96 and (b) 104. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much interest will the issuer pay (in cash) to the bondholders every six months? Par (maturity) Value Semiannual Rate Semiannual Cash $ 2,200,000 Interest Payment 9.0% = $ 198,000 Required 2 > On January 1, Boston Enterprises issues bonds that have a $2,200,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will the issuer pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31. 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 96 and (b) 104. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31. View transaction list View journal entry worksheet No Date General Journal 1 January 01 Cash Bonds payable 2 June 30 Accounts payable Bond interest payable 3 December 31 Accounts payable Bond interest payable < Required 1 Required 3> Debit Credit 2,200,000 2,200,000 198,000 198,000 198,000 198,000 Complete the question by every you Required 1 Required 2 Required 3 Prepare the journal entry for issuance assuming the bonds are issued at (a) 96 and (b) 104. View transaction list Journal entry worksheet 1 2 Record the issue of bonds at 96. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Clear entry Record entry Required 2 View general journal