QUESTION 45 Not yet answered Ajax Corporation received authorization on December 31, Year 1, to issue $2,500,000 of 6%, 10-year bonds. The interest payment dates are June 30 and December 31. All the bonds were issued at a price of 100, plus accrued interest, on February 28, Year 2, two months after the authorization of the bond issue. (a) How much cash did Ajax receive upon issuing the bonds on February 28, Year 2? Points out of 5.00 P Flag question (b) How much cash was paid to bondholders on June 30, Year 2? (C) How much bond interest expense will Ajax report in it's Year 2 income statement? (d) Prepare the journal entry at February 28, Year 2, to record the issuance of the bonds. (e) Prepare the journal entry at June 30, Year 2 to record the first semiannual interest payment on the bonds