On January 1, Renewable Energy issues bonds that have a $38,000 par value, mature in ten years, and pay 14% 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) 103/2. 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. Required 1 Required 2 Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 1032. View transaction list View journal entry worksheet No General Journal Debit Credit Date Jan 01 1 Bonds payable On January 1, Renewable Energy issues bonds that have a $38,000 par value, mature in ten years, and pay 14% 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) 103/2. 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. LLLLLLLLLLLLLLLLLLLLLLL Required 1 Required 2 How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Semiannual cash interest payment