Prepare the journal entries to record the first interest expense for the alternatives (1). (1), and (H) above (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit il Cansat, a Crown corporation owned by the government, issued bonds to finance the construction of the next generation of coservation satellites On January 1, 2020. Cansat issued 7%, 15-year bonds with a face value of $212,000,000 The bonds will pay interest semi-annually on June 30 and December 31 (a) Your answer is partially correct Calculate the amount of cash Cansat will receive if the bonds are sold under each of the following bond alternatives 7% (issued at par a price of 95 542 to yield 75% a premium in the amount of $10,070,000 and first interest expense of $7217275