QS $10-4$ Issuing bonds at par P$1$

Madrid Company plans to issue $8\%$ bonds with a par value of $$4,000,000.$ The company sells $$3,600,000$ of the bonds at par on Jary $1.$ The remaining $$400,000$ sells at par on July $1.$ The bonds pay interest semiannually on June $30$ and December $31.$

Record the entry for the first interest payment on June $30.$

Record the entry for the July $1$ cash sale of bonds.

QS $10-5$ Recording bond issuance and interest $$ P$1$ P$2$

On January $1,$ Renewable Energy issues bonds that have a $$20,000$ par value, mature in eight years, and pay $12\%$ interest semiannually on June $30$ and December $31.$

Prepare the journal entry for issuance assuming the bonds are issued at $($a$)99$ and $($b$)103\frac{1}{2}.$

How much interest does the company pay $($in cash$)$ to its bondholders every six months if the bonds are sold at par?

QS $10-5$ Recording bond issuance and interest $$ P$1$ P$2$

On January $1,$ Renewable Energy issues bonds that have a $$20,000$ par value, mature in eight years, and pay $12\%$ interest semiannually on June $30$ and December $31.$

Prepare the journal entry for issuance assuming the bonds are issued at $($a$)99$ and $($b$)103\frac{1}{2}.$

How much interest does the company pay $($in cash$)$ to its bondholders every six months if the bonds are sold at par?