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Please help with dollar amounts. Thank you! On January 1, 2017, Boston Enterprises issues bonds that have a $2,000,000 par value, mature in 20 years,

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Please help with dollar amounts. Thank you!

On January 1, 2017, Boston Enterprises issues bonds that have a $2,000,000 par value, mature in 20 years, and pay 10% 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, 2017; (b) the first interest payment on June 30, 2017; and (c) the second interest payment on December 31, 2017 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, 2017; (b) the first interest payment on June 30 2017; and (c) the second interest payment on December 31, 2017 View transaction list View journal entry worksheet Date General Journal Debit Credit 1Jan 01, 2017Cash Bonds payable 2Jun 30, 2017 Bond interest expense Cash 3Dec 31, 2017 Bond interest expense Cash Required 1 Required 3 >

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