QS 14. A Recording bond issuance and interest LO P1, P2, P3 On January 1, Renewable Energy Issues bonds that have a $48,000 par value, mature in ten years, and pay 12% interest semiannually on June 30 and December 31 1. Prepare the joumal entry for issuance assuming the bonds are issued at (99 and (D) 103%. 2 How much interest does the company pay (in cash) to its bondholders every six months of the bonds are sold at par? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Refaired 1 Required 2 Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (6) 1039. Credi General Journal NO Date Debit 47,520 11 Jan 01 480 Cash Discount on bonds payable Bonds payable SO 48.000 49.080 2 on 01 Cash SIS 49.000 Bonds payable Premium on bonds payable 1.630 QS 14-4 Recording bond issuance and interest LO P1, P2, P3 On January 1, Renewable Energy Issues bonds that have a $48,000 par value, mature in ten years, and pay 12% 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. How much Interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 o How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par Is Semiannual cash interest payment 5,780 x