On January 1, Boston Enterprises Issues bonds that have a $1,800,000 par value, mature in 20 years, and pay 8% Interest semiannually on June 30 and December 31. The bonds are sold at par. 10 points 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) 96 and (b) 104. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Print How much interest will Boston pay in cash) to the bondholders every six months? Par (maturity) Value $ 1,800,000 x Semiannual Rate 4.0% Semiannual Cash Interest Payment $ 72,000 References = On January 1, Boston Enterprises Issues bonds that have a $1,800,000 par value, mature in 20 years, and pay 8% 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) 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 Journal @stry worksheet Record the issue of bonds at par on January 1. Note: Enter debits before credits. Date General Journal January 01 Debit Credit Record entry Clear entry View general journal Required 1 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 Journal entr worksheet 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 Journal entry worksheet Record the interest payment on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal 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) 96 and (b) 104. View transaction list Journal entry worksheet | 12 Record the issue of bonds at 96. Note: Enter debits before credits. General Journal Debit Credit Date January 01 Record entry Clear entry View general joumal 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) 96 and (b) 104. View transaction list Journal entry worksheet
