On January 1, Renewable Energy issues bonds that have a $28,000 par value, mature in eight years, and pay 13% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b)10321. 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Complete this question by entering your answers in the tabs below. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b)10321. Journal entry worksheet Note: Enter debits before credits. Required information [The following information applies to the questions displayed below.] Dunphy Company issued $18,000 of 8.0%,10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. 1 Record the issuance of the bonds. 2 Record the first interest payment on June 30. Credit Note : = journal entry has been entered