On January 1, Boston Enterprises issues bonds that have a $1,850,000 par value, mature in 20 years, and pay 7% interest semiannually on June 30 and December 31. The bonds are sold at par 1. How much interest will Boston 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) 95 and (b) 105. & Answer is not complete, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much interest will Boston Day (in cash) to the bondholders every six months Par (maturity Value 1,350,000 Semiannual Rate 701 X Semiannual Cash Interest Payment 129 500 * Required 2 > On January 1, Boston Enterprises issues bonds that have a $1850,000 par value, mature in 20 years, and pay 7% interest semiannually on June 36 and December 31 The bonds are sold at par 1. How much interest will Boston 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 () 95 and (b) 105. Answer is not complete. 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 No General Journal Date January 01 Credit 1 Debit 1,850 000 Cash Bonds payable > 1 850.000 2 June 30 Rental expense 129500X Cash 129,500X 3 December 31 Bond interest expense 72.000X 72 000 On January 1, Boston Enterprises issues bonds that have a $1.850.000 par value, mature in 20 years, and pay 7% interest semiannually on June 30 and December 31. The bonds are sold at par 1. How much interest will Boston 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 (6) 95 and (b) 105 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the journal entry for issuance assuming the bonds are issued at (a) 95 and (b) 105 No Date General Journal Debit Credit