Problem 1 Part A: On January 1, A company issues$ 100,000 of 4.5% bonds, which mature in 10 years. The bonds pay interest semiannually on each June 30 and December 31. What journal entry should be made on June 30, 2015 when the interest is paid? Debit Bond Interest Lxpense $2,250; Credit Bond Interest Payable S2,250 Debit Bond Interest Expense $2,250; Credit Cash $2,250. Debit Bond Interest Expense $4,500; Credit Bond Interest Pavable $4,500 Debit Bond Interest Expense $4,500; Credit Cash $4,500 Part B: A company has 75,000 shares authorized and 40,000 shares issued and outstanding. On March 1st, it declares a $0.25 cash dividend which is payable on March 31st to stockholders on record as of March 15th. What entry should be made on the date of record? Debit Dividends Payable for $10,000; Credit Cash for $10,00d Debit Retained Earnings for $10,000; Credit Dividends Payable for $10,000 No entry is required Debit Retained Earnings for $18,750; Credit Cash for $18,750 Debit Retained Earnings for $18,750; Credit Dividends Payable for $18,750 c . Part C what is the amount of cash received on the date of issuance if a $147,000 par value, 5% bond is sold for 97.52 Round your answers to the nearest whole doilar . 7,350 . 3,675 . 143,325 . 139,650